Source: SEBI Annual Report 2017-18
18 Dead:
3 Critical:
1 Injured:
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Category: Observations
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TBZ : Superb Family Values
Hat Tip: A Mitra
Source: TBZ Annual Report 2017-18
The Chairman & MD Shrikant Zaveri makes this promise in his letter to shareholders
,
He then backs up his promise by delivering value to himself and his two daughters (Binaisha and Raashi) via handsome salary packages.
Shrikant Zaveri’s salary :
Binaisha Zaveri’s Salary:
Raashi Zaveri’s Salary:
Now, no one would grudge these salaries if the Company was performing well.
But take a look at the Consolidated Profits of the Company:
Promoter’s salaries is around 2/3rds of the Net Profits of the Company !!
So when the Promoter says his business model is delivering value to shareholders, he means it is delivering value to shareholders who also happen to be family members !
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The poor pay the most
Source : DRHP Filings of CreditAccess Grameen Ltd
Amusing to see that Godrej Properties can borrow at a lower rate than a Bank.
Source: Investor Presentation of Godrej Properties
Source: Jana Small Finance Bank
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Infibeam: BSE Listing Violation
Another example of a Company filing critical and mandatory information with one Stock Exchange but not another.
Infibeam’s shareholding patterns with NSE are up to date as can be seen below:
But the shareholding patterns are not up to date in BSE !!
