[drjaysee]

Dear BCG Friends,

In connection with my earlier post (#11185), I would like to inform you all that I had gone through the SHP Excel Sheet in detail again. Yes, there was a mismatch on Promoter holding but the mismatch is only due to “PLEDGE” of the shares by promoters (If we calculate the pledge % and current holding then its totally fine and exactly its matching the total).

Hence, no need to panic at all and personally I believe that we are at the edge of all outstanding bad news and let’s anticipate the good news soon in a week time max (Including Axis Settlement and PW approval. May be PW approved already and just they are waiting for Axis NOC).

@Admin, as per the advice by Legal Advisor, it’s illegal to share any Government Data at the public Forum even though it’s called “Public Document” since its published under restriction & there is a procedure to get the data by giving our credentials to MCA. Moreover, I am very much concern about any damage to “BCG Investors Forum” only because of this issue.

Let’s all be positive without any panic. Good luck and best wishes to all.

[drjaysee]

Dear @Logan, thank you very much for your detailed information (#11146).

Let’s trust the management with the anticipation of positive outcome. Meanwhile we need to find out the previous history of PW approval procedures and tentative time taken for other firms. Thank you again.

[drjaysee]

Dear @jay69, thank you very much for your swift reply and appropriate clarification. I believe, the current situation is indirectly giving opportunity for us to learn many things…Every stock has its own time and hopefully, BCG will show its real value soon…

[drjaysee]

Dear @Logan/Experts, yesterday Vipul Organics has allotted the 7,00,000 Warrants at an issue price of 111/- per warrant (including premium of Rs. 101/- per warrant) on preferential basis. They have just sent the request to exchange and waiting for the approval. But the current price is 149 (may be it will come down like BCG – Went to 9.5 during PW approval and came down to 7.75 levels). How do you see this and we are all discussing that BCG’s current price is controlled only for the reason of pending of PW approval. Appreciate if you could share your views which would be a great eye-opening for all BCG investors. This is just a possibility to find out the cause for price suppression on BCG. Thank you

[drjaysee]

Dear BCG Investors/Experts, appreciate if anybody could share some info on the below;

Was there any possibility that BCG have purposefully not disclosed the original profit amount during last quarter?

I suspect that last quarter profit was much more higher than the declared amount and considering the following scenarios they might have declared the suppressed profit (if there is a provision to hide the original profit).

1. Declaration of Higher quarterly profit leads sudden hike on the share price more than the PW price of 7.75 (But BCG has to keep the share price within the PW price level of 7.75 to avoid any conflict of getting PW approval from exchange.

2. Personally I feel that BCG is purposefully not willing to settle the full payment to Axis as “single payment” (even though they have the potential to settle as single payment and agreed for the final settlement amount) and also I think that they may even delay the remaining pending payment of 6Crs until they get PW approval (if already they made 11Crs payment out of 17 Crs as per ConCall)

Now everybody knows very well that the current share price is purposefully controlled by BCG management. Hence, personally I feel that this is very good opportunity for us to accumulate more before we come to know about PW approval and it’s a matter of time for the rapid rally (which is not too far). Please take your own call for any kind of decision.

[drjaysee]

Dear @VALUEBUYER001, Yes, I agree with you and thank you.

However, the story of Ducon Infratech is entirely different from BCG’s PW.

PW of Ducon Infratech has been allocated to only 2 members (Major portion to the Promoter and one more person belongs to non promoter group).

Details of Ducon Infratech PW Approval/Allocation:

5,70,00,000 Equity Shares and 5,96,34,400 Warrants convertible into Equity Shares to Mr. Arun Govil, Promoter and Managing Director of the Company at an issue price of Rs. 5/- each (Face Value of Re. 1/- each and Premium value of Rs. 4/- each).

1,50,00,000 Equity Shares to Mr. Atul Kumar, Non-promoter of the Company at an issue price of Rs. 5/- each (Face Value of Re. 1/- each and Premium value of Rs. 4/- each).

Hence the procedure of scrutinize & verification of the necessary document for 2 PW Allottee was easier than BCG’s scenario (34Crs of PW to 55 Allottee) by Exchange. This could be the reason for delay in getting BCG’s PW Approval from Exchange.

BCG’s PW approval shouldn’t be delayed like Morepen Lab and let’s be optimistic for the good news soon. Thank you.

[drjaysee]

Dear @valuebuyer001, Yes, Thank you and I agree with you.

However, Ducon Infratech story is entirely different and the allocation of PW was only to 2 members (Promoter itself and one more Non Promoter person) and also the size of the warrant is very small when compare to BCG (34 Crs Pref Warrant to almost 55 members). Hence, it’s easy to verify the necessary papers and approve the warrant to the members within a short duration (but it was shocking that for that itself Exchange have taken this much time).

Details of PW of Ducon Infra Approvals:

5,70,00,000 Equity Shares and 5,96,34,400 Warrants convertible into Equity Shares to Mr. Arun Govil, Promoter and Managing Director of the Company at an issue price of Rs. 5/- each (Face Value of Re. 1/- each and Premium value of Rs. 4/- each).

1,50,00,000 Equity Shares to Mr. Atul Kumar, Non-promoter of the Company at an issue price of Rs. 5/- each (Face Value of Re. 1/- each and Premium value of Rs. 4/- each)

Let’s hope for the best for the early positive news and the PW approval for BCG shouldn’t take longer time like Morepen Lab. THANK YOU.

[drjaysee]

Dear BCG Friends, I would like to highlight some points regarding PW of Morepen Lab which has been issued before BCG and still the approval not yet received from exchange.

Total PW – 16.85 Crs has been distributed to 11 Investors (10X35 Lakhs + 1X13.35Crs) at the rate of Rs25/ warrant to mobilize the total value of 421.25Crs.

Date of announcement made for PW – 10 Oct 2010 and final PW Voting approved on 7 Nov 2020 by the Board.

Until now the PW has not yet approved by Exchange and the price is hovering between 27-29 (for almost 4 months) even after the latest reasonable profitable result.

Hence, personally I presume that BCG PW may also be delayed. Experts please share your views in this regard. Thank you.

[drjaysee]

Dear Friends, Please find attached NCLT Order (Both 10 Feb 2021 & 15 Feb 2021). Surprisingly nothing has been mentioned in NCLT order about any part payment!!!

Attachments:

1. NCLT-Order_10-Feb-2021.pdf
2. NCLT-Order_15-Feb-2021.pdf

[drjaysee]

Dear @anirudhreddy, thank you very much for your clarification. However, I used to get all my divided credits from other firms to my NRE account but somehow the protocol mechanism not set for BCG. I will approach BCG IR Team with alternate India Ac number for Dividend transfer. Thank you

[drjaysee]

Dear Friends, I have not yet received the dividend (NRE Ac) and have been informed by BCG IR Team that due to NRE wire transfer (NRO Ac no issues unfortunately I didn’t have NRO Ac), they are facing some issues. Kindly confirm if anyone received dividend on your “NRE Account?”. Thanks.

[drjaysee]

Dear @ DH, as per your below view:

“The way in which conference call has been announced in a week’s time, gives me a suspicion that the management is expecting something in the forth coming week regarding the same as well, hopefully.In the past , irrespective, conference call has happened during Mid week aswell. Based on this, Its my strong guess along with the mathematical timeline needed for approval time, this should also materialise in the coming week, followed by confirmation of walk the talk by the management”.

With reference to my post #10821., me too suspect the same May be SKR is waiting for the formal intimation of PW approval from Exchanges (already he might have got the informal positive news of PW approval through his internal sources) and also by seeing his Greeting Card on “Valentines Day” which indicates a indirect positive sign of his happiness!!! Good Luck to all BCG Investors as well as BCG Management for future endeavors.

[drjaysee]

Dear @Logan, Thank you very much for your prompt reply as always. At least today we got the good news of “Axis Settled” which has given some interim relief to many of us before we hear other development news. Really, I didn’t know about the con call protocols and I was thinking that it will happen within 2 days (normal practice with other firms). Anyhow, let’s wait till 20 Feb and if the management is positive, let them give some more unexpected surprises before 20Feb.

[drjaysee]

Dear @sac6310, Thanks for sharing the good news. It seems, Monday we may get the final order from NCLT about Axis Closure and also we may expect approval of PW during this week (SKR would have got the PW approval news from internal sources and may be that’s why he scheduled the con call on 20 Feb).

Dear @Logan/DH/All Experts, What would be the scenario of pledge percentage if the Axis Closure done? It will be zero or still some pledge percentage will be there for Daum settlement? Looking forward to hear your valuable insights in this regard please. Thank you.

[drjaysee]

Dear @Logan, with reference to your post #10798, Please see attached NCLT Order (Split into 2 parts due to file size) dated 9 July 2020 as needed.

Attachments:

1. BCG-NCLT-Order_1-of2.pdf
2. BCG-NCLT-Order_2of2.pdf

[drjaysee]

Dear Friends,

Kindly confirm that did any of the NRI investors with NRE Ac receive their Dividend?
Still I am waiting to receive the Dividend (To get some Trust on BCG management) after sending several back & forth emails but until now everything is in vein.

Attachments:

1. 

   BCG-Reply.jpg
   

[drjaysee]

Dear @vgsatwork (#10741) and BCG Investors,

NCLT cause list has been updated on the NCLT website(Attachment Sl.No 12). Next hearing for BCG will be on Monday, 15 Feb 2021 and it seems NCLT had given the final warning to settle Axis issues & that’s why a short time has been given for next hearing. Let’s wait and see. Thanks

Attachments:

1. 

   43477DD5-8485-4137-9703-CD3C8C02AFEE.png
   

[drjaysee]

Dear @drpram, until now there is no update at the NCLT website. Generally, the order used to be available at the website on the date of hearing (supposed to be yesterday late night or max by today morning). I suspect that the delay may be “due to the final order of Axis Settlement”?? Let’s wait and see by tomorrow during or before the result.

[drjaysee]

Dear @Logan/@DH/All BCG Investors, Good to see the healthy (Technical & emotional) discussions since today morning. Really admired by seeing Logan & DH’s post especially #10710. This is called “Unity in Diversity” & let’s all be united and ready for the appropriate approach towards/against the Management’s attitude. Sincere “thanks and respect” to all for your wonderful technical insights in comparison with peer firms.

[drjaysee]

Dear @sac6310, I have checked at the website (https://nclt.gov.in/interim-order/789765) but it’s not yet updated about today’s order. We need to wait till tomorrow.
However, if this is true that next date will be on 15th Feb means, BCG is in the final stage of closing Axis matter or due to the result on 12 Feb, this has been postponed on purpose to fulfill their pending needs. Lets be cautious and patience.

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