S M Gold : Exploiting the SME Loopholes

Source: DRHP Filings of SM Gold Ltd

The Financial statements in the DRHP shows financial results from 2015 onwards even though the company was formed in 2017 and merged with a proprietorship firm on Aug 2018 ! (This month itself !)

The explanation is given below:

At this rate, any entity can get listed on the SME exchanges with the flimsiest of financial manoeuvres.

Have half a mind to suggest to Paramesha sandwich walla -who has a food stall on the street right below BSE- to go for a SME listing !

2 Replies to “S M Gold : Exploiting the SME Loopholes”

  1. Sir, i have had the sandwich there and its awesome.

    Atleast the sandwich shop owner will be much more honest and will have much better cash flows and business sense.

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