- Tangible Assets--Rs.13,522,920,650
- Intangible Assets--Rs.33,781,405
- Capital Work in Progress--Rs.5,508,355,411
- Non Current Investments--Rs.13 1,857,187,584
- Other Non‐Current Assets--Rs.306,683,028
- Inventories--Rs.16 6,165,243,671
- Trade Receivables--Rs.17 6,319,185,303
- Cash & Cash Equivalents--Rs.18 732,057,822
- Short Term Loans & Advances--Rs.19 792,636,816
- Other Current Assets--Rs.20 1,132,460,960
- Market Value of Quoted Investments---Rs.2,338,035
- Aggregate Value of Quoted Investments--Rs.3,067,555
- Aggregate Value of Un-Quoted Investments--Rs.1,854,120,029.
What I sadly feel is that such things cannot take place if some persons from the regulator side are not in hand and glove with the company!! There must have been some secret tie up between some members of the regulatory body and the Management of SEL Manufacturing Co Ltd---who knows? The Securities Exchange Board of India (SEBI) also failed to protect the shareholders of Pyramid Saimira Theatres Ltd too..........!!
What for do we have a regulator if it does not serve any purpose, except their regular time pass work of banning some entities for share "Manipulative" trading or putting some companies in the T-group. What has SEBI till now done to the promoters of companies---most of them escaped looting the shareholders.
Chapter-14 of INVESTORS’ COMPLAINTS OR GRIEVANCE says:
14. Investors’ Complaints or Grievances: The Exchange shall provide adequate and appropriate mechanism to redress any investor complaint or grievance that may be lodged by any client against any trading member and/or by any investor against any company listed on the Exchange.
14.3 Complaints Against a Company Listed on the Exchange: Any investor, who is aggrieved for any one or more of the reasons mentioned below, may lodge a complaint or grievance with the Exchange:
14.3.1 Non-receipt of refund orders or stock-invests or interest on delayed
14.3.2 Non-receipt of allotment letters.
14.3.3 Non-receipt of certificates of equity shares or preference shares or
debentures or non-credit of shares or debentures into the demat beneficiary account.
14.3.4 Non-receipt of dividend.
14.3.5 Non-receipt of bonus share certificates.
14.3.6 Non-receipt of interest on debentures and/or deposits and amount payable on redemption of debentures and/or maturity of deposits.
14.3.7 Non-receipt of rights forms.
14.3.8 Delay in transfer of securities.
14.3.9 Delay in dematerialization of securities.
14.3.10 Any other matter relating to acts of commission or omission for which the company is obliged and accountable under the Listing Agreement or under any other laws, rules, regulations, guidelines, orders, notifications, or circulars that may be in force from time to time.
14.3.11 On receipt of any complaint from an investor, the Exchange may refer such complaint to the concerned company and/or to the concerned registrar and transfer agent (hereafter referred to as RTA) for its redressal. The Exchange shall require the company or RTA to redress the complaint or grievance of the investor within such time, as may be required under the SEBI Regulations. In case the company or RTA fails to, or delays in, redressing the complaint or grievance, the Exchange shall initiate measures, as may be provided herein and/or in the relevant Regulations from time to time.
14.4 Non-redressal of Complaints or Grievances of Clients or Investors 14.4.1 By a Trading Member Where the Complaint is not Contested or Disputed If a trading member fails and/or delays redressal of a complaint or a
grievance of a client or of an investor beyond such time as may be provided in the SEBI Regulations, the Exchange may decide to initiate such action as it may deem fit against the concerned trading member so as to ensure expeditious redressal of such pending complaint of the client. Such action may, interalia, include reduction in exposure limit and/or withdrawal of trading
facility until such complaint is fully redressed to the satisfaction of the Relevant Authority or such other disciplinary action as the Relevant Authority may deem fit, considering the amount involved, time elapsed since the Exchange required the trading member to redress the complaint and the track record of the concerned trading member.
14.4.3 By a Company Where the Complaint or Grievance Not Redressed: In case any complaint or grievance is not redressed by the company or RTA within such time as may be provided in the relevant Regulations, the Exchange may decide to initiate such measures as it may deem fit against the company. Such measures may, interalia, include shifting trading of the security/ies of such company to trade for trade basis, levying of fine per day of delay beyond such time, as may be decided by the Relevant Authority from time to time, or suspending trading of the security/ies until the complaint is redressed to the satisfaction of the Exchange.
14.4.4 By a Company Where the Complainant Claiming Opportunity Loss: In case the company or RTA fails or delays the redressal of the investor’s complaint or grievance beyond the permissible and/or reasonable time and thereby the complainant makes a claim for opportunity loss which is prima facie attributable to such company or RTA, the Exchange may suo motto make a reference to, or advise the complainant to refer any of the complaints emanating out of the causes specified in Bye-law 14.3 above to arbitration as may be provided in these Bye-laws or Regulations from time to time.
THEREFORE DON'T WASTE TIME, SIMPLY PUT A COMPLAINT, THEN WE CAN PROCEED FURTHER.