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In the past year, promoters of 3 companies, BGR Energy Varanium Cloud And Ultracab, hid information from shareholders while they quietly sold their shares. Companies hiding material information is not uncommon and often causes investors financial loss. Although it is rare among reputed firms, investors in smallcap and midcap stocks regularly fall victim to inadequate information and pump-and-dump schemes. It is one reason why the market regulator Securities and Exchange Board of India (SEBI) and exchanges are wary when valuations in these segments rise suddenly. Beat The Street write:

Just open Economic Times of any of the past 10 days & you'll find the IPO frenzy taking over the capital markets. Obviously this gives rise to a lot of bad apples who go public riding the IPO Wave. One such is Motisons Jewellers with deep corporate governance issues as unveiled by the brilliant duo Sudarshan & CA Nimish Maheshwari of Beat The Street. • Just to put into context, Motisons planned to raise ~₹150Cr, all in fresh issue. - Retail Portion : ~₹50Cr - Retail Subscription: ~₹5,000Cr! The retail portion was subscribed by a whopping 95x! The GMP of Motisons is over 150% as of now. • Now what are some grave corporate governance issues with Motisons : - Promoters were involved in the infamous IPL betting scandal. - They were investigated by almost all major regulatory bodies of India viz SEBI, Income Tax, CBI, et al. - They were banned for ~3 years from accessing the capital markets. - The proceeds from this IPO will be used to pay some debts, particularly low cost debt from banks vis a vis high cost debts from the Promoters themselves! Promotor Rate of Interest : ~12% Bank Rate of Interest : ~9% Eitherway a BIG red flag. - The company has leased the 4 showrooms & 2 manufacturing facilities. From whom? The promotors themselves! • There are zillion other issues with the company wrt their Balance sheet items. A bull market encourages companies with such poor corporate governance standards to list on the bourses. Ofcourse, no retail investor will care because look at the GMP. Instant double right? #india #ipo #bullmarket #sharemarket #stockmarket #stocks #shares #wealth #economy

🚀 Rajesh Exports: Unmasking Financial Mysteries Again! 🕵️♂️💸 Breaking News! 📢 Rajesh Exports, once in the spotlight for financial reporting concerns, is back in the headlines with a déjà vu twist. 🔍 Repetition Strikes: Cash Flow Statement MIA! Hold your breath – Rajesh Exports forgot to file its Cash Flow Statement, a mandatory step under Regulation 33 of LODR. 🤦♂️ Shades of the past or a daring encore? This oversight raises eyebrows and questions about financial transparency. 🕰️ Groundhog Day with Delays! Just like before, we're witnessing déjà vu delays. Remember when it took a regulatory nudge for Rajesh Exports to submit an overdue audit report? Yep, it's happening again. ⏳ 💥 Flashback to Beat The Street's Warning Flashback to our call-out almost two years ago! We warned you about financial irregularities. Since then, Rajesh Exports has taken a nosedive of over 50%. 📉 Coincidence or consequence? 🤔 Lingering Questions in the Air Investors, brace yourselves! Questions linger about financial governance, disclosure reliability, and the impact on Rajesh Exports' street cred. The plot thickens, and the script remains a mystery. 🔮 The Transparency Revolution! In an age where transparency rules, Rajesh Exports sparks a fresh debate on regulatory oversight and corporate commitment to accurate reporting. Is it time for a financial facelift? 🔄 👁️🗨️ Watch This Space! As the saga unfolds, keep an eye on Rajesh Exports. Financial thrillers are best enjoyed when the plot thickens! 🎬💼 LINK TO FORENSIC ANALYSIS ON RAJESH EXPORTS IN COMMENTS CA Nimish Maheshwari | Beat The Street #RajeshExports #finance #stockmarket #stockmarketindia #sharemarketindia #sharemarket #redflag #corporategovernance

Governance Goldmine (🕯️ Diwali ⚡️ Picks by Beat The Street): 10 Essential Checks for Forensic Analysis and Robust Corporate Governance Corporate Governance is like the seatbelt of investing – it may not be flashy, but it's a fundamental safeguard that ensures a smoother ride through the market's twists and turns. A long thread but surely will be like a masterclass on Forensic Investing Do read and follow us for more insights on StockTwits (LINK IN COMMENTS) #investing #forensic #corporategovernance #redflag #StockMarket #finance Stocktwits | Stocktwits India 🇮🇳 | CA Nimish Maheshwari | Beat The Street