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AGM Timepass Question
It is now AGM season in Mumbai with various companies conducting their AGMs.
One of the risks of attending AGMs is to undergo the torture of listening to the nonsensical and irrelevant questions of one’s fellow share holders which have no bearing on the company’s business or prospects.
Such questions are usually asked for timepass and because the questioner loves to think he has put the Management/Board in a tight spot
One such question was asked today:
“Sir, the Company has spent only 1.71 Crores out of the Rs.5.84 Crores allocated for CSR. Is this correct behavior on the company’s part?
And secondly, all the money is spent in Maharashtra.There are soooo many poor states in India, there are soooo many poor people else where, why we are not spending money on them?”
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To Market, To Market
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Linkfest : August 23, 2017
Some stuff I am reading today morning:
Caution for Birla MF Investors (MF Critic)
Walk away, Mr. Murthy (Omkar Goswami)
Record reserves turn costly for RBI (Bloomberg)
Bandhan Bank prepares for IPO (Mint)
IPO Review: Apex Frozen Foods (S P Tulsian)
Stock Talk: Wonderla Holidays (Ravichand)
Brokerage stocks zoom (BL)
Are Large Cap Funds losing sheen? (Vipin Khandelwal)
Research: A half century of macro momentum (AQR)
Instructive: A 2005 Article on Pharma Kids (BL)
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Infosys-Picture Abhi Baki Hain
Grab your popcorn and tune in.
