The harsh portfolio!

[harsh.beria93]

I have written about it in detail here.

Atul Auto Limited

I don’t think this understanding is correct, the shareholders of Khusbu finance have been paid out in cash (and not in the form of any preference shares). This is also disclosed in the related party transaction in H1FY22. Manju Vijay Kedia held 17%, Khusbu finance was valued at 63.67 cr. so the 17% should be 10.82 cr. which was the amount paid out in H1FY22. [image] https://www.bseindia.com/xml-data/corpfiling/AttachHis/ceb20231-10f6-4c53-9c16-ed1e97cdfb1a.pdf#page=2 This is also clearly me…

Atul Auto Limited

I don’t think PPS were ever issued to promoters of Khusbu finance. Here is the exact excerpt from the annual report. [image] What this (probably) means is after Atul auto buys 70% remaining shares of KAFL, they might infuse further capital into KAFL. The requirement of this further capital is not at all clear to me, maybe they are facing issues on the asset side. Management hasn’t been conducting concalls, so we need to wait for their annual report.