Dear friends,
I had written to a company asking for Consolidated Results and complained with SEBI and BSE ...and got a iresponsible response from SEBI...PLs see below:
From: Sajan Didwania <sajandidwania @ gmail.com>
Date: Thu, Nov 15, 2012 at 11:15 AM
Subject: Fwd: Reminder : Consolidated Quarterly Results for June and Sept 2012 quarters
To: sebi @ sebi.gov.in
Cc: narendrajain @ kemrock.com, yogesh.bambardekar @ bseindia.com
Dear Sir,
Its really surprising to hear that SEBI is saying that announcing a proper Quarterly Results by any LISTED COMPANY is matter of Ministry of Corporate Affairs and not a part of CORPORATE GOVERNANCE.
Anyway i will take up the matter not only with Ministry Of Corporate Affairs but also write to Ministry Of Finance, Prime Minister`s Office, Investors Associations, Company Law Deaprtment as well as seriously take up the issue at various platforms Political, Governance, Corruption etc to understand how such developement`s allow forgeries, corruptions in General Public and How the regulatory bodies don`t take the responsibilities and allow such things to become a scam.
I wont leave it just unanswered.
With best regards.
Sajan Didwania
---------- Forwarded message ----------
From: sebi <sebi @ sebi.gov.in>
Date: Thu, Nov 15, 2012 at 10:36 AM
Subject: RE: Reminder : Consolidated Quarterly Results for June and Sept 2012 quarters
To: Sajan Didwania <sajandidwania @ gmail.com>
Dear Sir/Madam,
The subject matter of complaint does not fall under purview of SEBI . You are requested to take up your complaint with Ministry of Corporate Affairs.
Regards,
Office of Investor Assistance and Education
Securities Exchange Board of India
From: Sajan Didwania [mailto:sajandidwania @ gmail.com]
Sent: Saturday, November 10, 2012 7:06 PM
To: narendrajain @ kemrock.com
Cc: yogesh.bambardekar @ bseindia.com; sebi
Subject: Reminder : Consolidated Quarterly Results for June and Sept 2012 quarters
Dear Mr.Jain,
I am a shareholder of the company and worried to see the last two quarters results announced by company.
I want to see consolidated quarterly results and also clarification of acquisition disclosure by RPM International Inc. acquiring 10.68% stake as per anoouncement done by them on 17.04.12 as per www.bseindia.com website shown under SAST column. This Shareholding Pattern is not reflected in June 2012 qtrlt and onward disclosers.
You are requested to pls send me Consolidated Results of both quarters mentioned above and clarification on Shareholding of RPM International Inc.
--
Sajan Didwania
Dear Sir, Pls see when there are substantial difference in standalone and quarterly Results how companies don`t announce Consolidated results and keep the entire public share holders in dark. Pls look into above matter.
I feel its important that all Listed Companies should announce Quarterly Results as per Listing Agreements but should give the factual picture of Company`s performamnce not just a khana poori ..like announcing Stand Alone Result only while Consolidated Results are entirely majorly different from stand alone results.
Pls i invite you and axpect from all of you to help me in this matter.
With best regards.
Sajan Didwania