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None of the Promoters, Directors or Key Managerial Personnel, intends to subscribe to any Equity
Shares pursuant to this preferential issue

If Mr Saha is director why they have mentioned it like above? Though not directly but indirectly via Muskaan ltd its Mr Saha, the director.

Thoughts?

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So, BG..what is your analysis on the allotment?

My sense says…this could be just to compensate those people who have lost their holdings during the price moved downwards!

Any more information on who these Prakash guys are?
We had Priya Prakash in some earlier SHP holding good qty of shares.
Prakash connection?

To me the story is adding up now!!!
Expecting more disclosures to follow and course correction

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BG Bro, Personally I would want the complaint to be made on similar line as you have made it to the ED. There is every possibility that ingovern guys even getting together with ED to get this moving further. Would you be comfortable to share the complaint contents and I can pursue the same with the Ingovern guys.

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There is independent company called ingovern research. They are mostly into shareholder activism, suggestions on ballots, corporate governance etc. I suggest we should reach out to them, explain the story about BCG. may be they come up with some kind of report forcing SEBI to look into the malpractices in this counter.

Somebody need to feel the accountibility of what’s being done for the last many years.

Thoughts?

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Average of 11.xx , started buying from 49 …till 2.75..last buying at 6.6.

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Why we are just thinking positive only??

Let’s think differently..Mr Reddy wanted to distribute this more to retailers like you and me…he may not directly distribute from hi account..but the deal which was negotiated at 2.25
.that’s being distributed at 7!

He announced something..based on which ppl started buying..finally delist it at a mouth watering price!

That’s the worst case I can think of..

Now think..he said a year ago..60 crores are needed..then a year later they said they will raise money..then another disclosure came which said 7.2% will be diluted..when final figure came it was 31.2 crores which is approx 6-6.5%.
Then finally it was time to share the ballot. It’s postponed for few days.

Well, all this while..who is investing..is kept a mystery..
Was it because it was actually not going to happen..they knew it..so quote anything to anyone??

Remember mysms acquisition?
It was declared but it never happened..and there is no official announcement to the cancellation of deal.may be similar fate for preferential issue.

Wow! Mr SKR has done it again..Mr market is right to give such a meagre market cap.
It’s dubious behaviour.. corporate governance issues continues..

Let’s not read it toooo positive way.unless Mr SKR mends his way ..this will continue to linger on..

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Credibility still remains the biggest concern in this counter!!

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Dont expect too much from Mr Reddy!
This is in line with what has happening in the last 5 years.
He speaks something else…He does something else.. and it comes out to be something else!!!

Corporate governance issues..continues. I was expecting that the story is over now..and from here on Mr Reddy will behave more responsibly but the latest disclosures is too disappointing.

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Is it 7.2 %??

They announced 7.2% equity dilution but diluting only 6.5% approx

Does it means someone committing less money or company decided to reduced the dilution?

Enigma!!

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Slowly and steadily going towards the HERO end.
Such a spectacular absorption rate of shares. Day by day, all shares getting absorbed.

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So …this forum has also gone slow now. Looks like everyone is in wait and watch mode. Loaded and HOLD 🙂

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BG Bro..can I request you to put some speed breakers in the new threads you are starting 🙂 Never mind , be cool.

Too many threads..I suggest restrict the new threads so that almost all the relevant information is available on the first page.

This forum is a GAME-CHANGER..It provides almost all the necessary information for a novice to make a decision. This forum also provides the information to the DII/MFs/HNIs/investors to get an idea of what has been the history of the price hammering and company performance..

Hoping to see sustained disclosures and sustained price appreciation!
Happy Investing 🙂

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As history says..No technicals are valid for this script!
Once the issues are settled one by one…Eventually it has just one direction to move and that is up!

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Thanks for the updates.
The price of allotment would be the first stop for the BCG!!
Hope My Reddy commits his money to the preferential shares and rest it all will be taken care of!

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Does anyone knows, If Mr Reddy has given his money to clear the Bank loans ?
Was that admitted in the concall 3 months ago?
Attending this con-call , I could make out his interest to subscribe the preferential shares.Not sure if he has already given some personal money. If yes what is the amount he has given to the company ?

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My sense says…equity dilution will be in the range of 10-20%.
Lets wait for the official news to come.

And the investor could be a combination of DII(probably Goenkas ) and MR Reddy himself. May be subscribing 50-50% each.

That’s purely my hunch ..No insider news..no sources like that!
Story will unfold in coming days.

HOLD Tight is the mantra!

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Fully Loaded!!!
Bought for the last time. The next thing I am going to do is…WAIT!!!!
Let the things unfold from here on. My common sense says. Price suppression is OVER now. There are clear signals to it!

Have been a buyer since it was 48 levels..and brought all the way down till 2.75!!!
Bought in SIP mode and today was the last BUY based on yesterday’s disclosures to exchanges.

Best wishes!

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The message is loud and clear.. Mr Reddy is committing his more money.Period!

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It will be Mr Reddy .. fairly positive..stay long in this counter

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