Source: Clarification by Kesoram Industries
In the last AGM of Kesoram Industries, a minority shareholder made serious allegations against the company.
The same was recorded on a mobile phone and circulated widely on social media.
The Company , in it’s response to the allegations, made the following statement:
The brings forth the Question: Can you video-record at an AGM?
Some stuff I am reading today morning:
Govt extends deadline for filing IT returns (MC)
STT Controversy for Delivery based F&O trades (BL)
Domino’s India accused of profiteering (ET)
Hindalco buys Aleris for $2.8 Billion (Mint)
Interview with Taher Badshah (Morningstar)
A $210 Billion Debt Cleanup (Quint)
Amazon ‘terrifies me as a company’ (Aswath Damodaran)
The real Art of the Deal (TRB)
Real World Vs Book Knowledge (Morgan Housel)
What do ratios tell you? (Irrelevant Investor)
Some stuff I am reading today morning:
HDFC AMC IPO already fully subscribed (ET)
PMS cloners drown in the small-cap meltdown (ET)
Cement companies to pay fine of Rs.6,300 Cr (FE)
What happens if you fail to file tax returns by 31 July (MC)
The $1.5 Billion wager on Indian real estate that went wrong (BQ)
Inside Google’s shadow workforce of contract labourers (Mint)
Why Mumbai’s monorail failed (Rediff)
Ramblings on Gold (Macro Tourist)
Investment Pace (A VC)
A Collection of Seth Klarman’s Baupost Group Letters (AM)
Amusing to see loss making companies getting listed on the BSE SME platform and the reasons given for their valuations.
Source: DRHP Filings of Salebhai Internet Ltd
