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 on “S M Gold : Exploiting the SME Loopholes”
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.
Like that Jaspal Bhatti video of WaterBalls for Main Baird IPO