My take
1. Employee remuneration issue : I don’t see compliance issue, company should have done better job by documenting right in their ARs.
2. Largest Individual Shareholder: This shall remain a overhang, more so since he is diluting equity too.
Recently learnt through scuttle butt:
- Company has internal target to take Domestic & Export mix to 50:50 by end of FY25. Since domestic is all Branded, gives edge against unorganized players.
- Karam is giving them aggressive push back in Helmets category.
Overall : interesting business to observe
Disc : Have tracking position, may add more on dips.