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Monday, December 31, 2012

New Year Gift: Bonus by Jayant Agro Organics

All data point to a New Year Gift by Jayant Agro Organics to its investors..
and looks like its a bonus!!

According to Jayant Agro Organic's Annual Report March 2012...

As part of amalgamation of Ihsedu Speciality Chemicals Pvt Limited.. The Bombay High Court has ordered an increase in Authorised Capital of Jayant Agro Organics. The Increase in Equity Capital is by 25Cr which was incidently the equity capital of Ihsedu Speciality Chemicals Pvt Limited before amalgamation with Jayant Agro Organics..


if we look at theAuthorised Equity Capital reported in March 2012 Annual report of Jayant Agro Organics we donot see the increase in Authorised Equity Capital.. in 2012 as compared to 2011


with help from like minded investors in Jayant Agro Organics.. I got the latest filing by Jayant Agro Organics in Ministry of Corporate Affairs.


So here we have it.. Jayant Agro Organics has increased its authorised capital to 42.5Cr
Old Authorised Capital: 14.5+3 = 17.5Cr
Difference in Authorised Capital : 42.5-17.5 = 25Cr

Authorised Capital has been increased by 25Cr as part of the amalgamation of Ihsedu Speciality Chemicals Pvt Limited under the orders of Bombay High Court.

My guess is we could get a Bonus in the year 2013-2014

PN: This is my interpretation of publicly available information. Please do your own deep dive before investing in Jayant Agro Organics CMP: Rs138.50/= MCap: 207.75Cr

2 comments:

Anonymous said...

Dear Sir,
from your note "Authorised Capital has been increased by 25Cr as part of the amalgamation of Ihsedu Speciality Chemicals Pvt Limited under the orders of Bombay High Court.
Sir, I didnt understand it,Is it mandatory if ISCPL merge with jayant?what is the technical logic behind it? if they give bonus what will be ratio? how will benefit retail investors like us?? Just share your guess work..thanks

What'sUp Prahalad said...

Anonymous ji:

- I think the bonus will be 1:1 at the least..
maybe 1.5 bonus shares for every 1 share ..

- All this is going to happen before April 2013

Pls Note: This is my SPECULATION/GUESS WORK.. it is not even cast in sand.. It's just spoken words

Season's Greetings and Wishing You and Your Family A Healthy, Happy and Prosperous New Year 2013

=happy investing
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