Thursday, 4 July 2013

Nirma Limited - Compulsory Buy Back- Letter to Compliance Officer

From :-                                                                       Dated:- 04-07-2013


To ,

The Compliance Officer ,
Nirma Limited,
Nirma House, Ashram Road,
Ahmedabad - 380009

Dear Sir ,

With due respect , we state as under :-

1 ) We hold shares of your Company under L/f : ( A/c - ).

 2 ) The move to compulsory acquire shares selectively from the remaining share holders @ Rs. 225 Per Share is unrealistic and  unacceptable to us .

3) The compulsory buy-back rate of Rs.225/- is grossly unfair to the remaining public share holders as the rate at the time of Delisting was Rs. 260. Instead of increasing the Rate , it has been decreased


3 ) In case our name ( , L/ f  ) figures in your list of shares for Compulsory Cancellation , then  , please remove it - from the list ,under intimation to us (  by Registered post / Speed Post ).

4 ) We request you to withdraw this anti Non - Promoter move in its entirety .

5 ) PIease, also dispatch a certified copy of the valuation report.

6) In case, the Company persists , then we would be left with no other remedy but to challenge the same in appropriate Court of Laws  , including the Hon'ble High Court of Gujarat and the Hon'ble National Company Law Tribunal.

( Please study the rulings given in the case of compulsory and selective  cancellation of shares by Cadbury India Limited )

As we are CAVEATORS , please do keep us updated of all the legal moves by the Company in this regard.

Regards



Share Holder

email ;-



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Email address of Nirma :-

info@nirma.co.
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