[vkhare789]

Hi Rathi,

Thanks for meeting SKR on behalf of investors. Were you able to discuss on issues like FA, Daum and promoter shareholding? Is there an update?

[vkhare789]

Here is the summary how Funds and Institutions have increased their holding in BCG since last few months . Data taken from Morningstar.in. This reflects holding for top 20 funds and only includes shares traded in open market. Does not include fixed holdings from Navigator , Citrus Global etc.

Jun End-
Funds – 56.33 million
Institutions – 60.86 million

Oct end –
Funds – 64.02 million
Institutions – 72.6 million

Nov End- (50 lakh shares bought in just last one month)
Funds – 66.05 million
Institutions – 75.43 million

[vkhare789]

Luckily I got a chance to ask question today. However, CEO has clarified that they can not disclose discussion happened with SEBI officials and it will take some time to get FA results out.

[vkhare789]

I just called brightcom investor helpline and they said that FA is completed and they will share results of that soon. However, guy did not seem confident while talking. Can someone else please confirm if the audit is actually completed?

[vkhare789]

Hi Odysee, Thanks for replying. I have two questions.
1. If company is debt free, who are these lenders to whom the pledged shares were transferred. There should be no lender as company has zero debt.
2. I am referring to promoters like SKR and vijay kancharia from whose account shares were transferred to lenders’ account. When are these promoters going to get their shares back? How confident is SKR that promoters will get their shares back from lenders.
3. As you would be aware about the response letter which sent to one of shareholder’s query regarding SHP in which pledged shares issue was explained. Why was this response not made public and published on exchanges?

I believe these are important set of questions and we didn’t see any question in conference call regarding same.

[vkhare789]

It is highly surprising that no question was asked regarding the most important topic which shareholding pattern. Are we even going to get those shares back?

[vkhare789]

I have below question:

Company has told that it has zero debt since last year. If this is true then how-come pledged shares were transferred to lenders? Who are these lenders when company has zero debt?

[vkhare789]

Questions on:
1. Financial Audit update
2. Shareholding pattern
3. Improving corporate governance
4. CFO appointment
If we can get answers to these, it will be a great help.

[Author]

Posts