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Dec 30, 2022 • 20 tweets • 13 min read
“Good corporate governance is about 'intellectual honesty, not just sticking to rules & regulations, capital flowed towards co that practice good governance'

Mega thread 🧵 of Corporate Governance issues, frauds exposed by us

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Before moving ahead if you want to know who is behind Beat The Street and What exactly Beat The Street does?

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All thanks to the team behind the stage @SudzzBTS @nimishshp
If you want to read Beat The Street Corporate Governance Coverage in documentary format you can read here

docs.google.com/document/d/1dt…
Brightcom : Synonym of fraud / redflag / corporate governance issues

From silently selling promoters stake to dummy CXOs and never ending CG issues



Stock corrected by almost 80% after we exposed it

#bcg #brightcom #brightcomgroup
Adani Green Promoters sold 20% stake to Total Energies at 70% discount to then CMP in Jan-2021

beatthestreet10.blogspot.com/2021/02/how-ad…

#adanigreen #adani #gautamadani #AdaniGroup
Vedanta Semiconductor Fiasco : How company kept on disguising investors (including AGM) about fancy Semiconductor biz being under listed entity even though it was never a plan



Such information dissemination led to unusual gains if you know the truth
The unknown truth behind suspicious dealings b/w Patanjali Foods (Ruchi Soya) & Patanjali Group



How promoters filling their own pockets from Ruchi Soya's money after getting Ruchi Soya at near to zero cost?

That's best example of stressed asset buying
The Grand Lies of Gland Pharma

Video


Thread


A curious case of Disguise, Lies, Insider Exits

Stock corrected by 40% and made 52week low after our red alert

#GLANDPHARMA
The Curious Case of NKYAA BONUS ISSUE



Silently changing bonus record date to give comfortable exits to pre ipo investors

Stock fallen by 35% & made 52W low

#NYKAA #Nykaabonus #corporategovernance #redflag
Paytm Buyback put question on capital allocation strategy and planning of the company



Is it another way to give exit to pre IPO investors through open market buyback route?
❌⚠️Rajesh Exports : Two Financials in FY21❌⚠️

Original Financial statements of FY21 does not match with Financial Statements in annual report of FY21

Here is how

How Promoters are MAKING MONEY from RIGHT ISSUE ?

Video


Thread


New way of MAKING MONEY by fooling investors

Companies in focus : Sandur Manganese, PTC Industries, Heritage Foods

#scam #fraud #corporategovernance
#promoter
Hinduja Global Solutions : A classic case of FUND DIVERSION & CHEATING with minority shareholders

Video


Thread


Backdoor listing of Hinduja Leyland Finance

#REDFLAG
#CORPORATEGOVERNANCE
#FRAUD
#Hindujaglobal
#HGS
GMM Pfaudler didn't keep their promise of not selling any stake and moreover that promise was never implemented & taken for a ride.

How concalls / media interactions were used as device to disguise investors?



A strong regulations around it is the need of hour
⚠️⚠️ How Uttam Galva's promoter exited the company by dumping garbage stock on Retail Investors just before equity write off and delisting ? ⚠️⚠️

A classic case where defaulting promoters make 10x return and still have control over the co

Dhani Services: Buy Now Worry Later



Company has a track of poor corporate governance issues, flawed / unusual biz model and fake loans

Stock corrected by 60% post our analysis & 74% down on YTD basis
Rattanindia Group : Rattanindia Enterprises & Rattanindia Power



Whatever is the new trendy biz Co got into that be it EV, Fintech, Drone

No fundamentals, only narratives

Stock gave zero returns post our analysis
3i Infotech : Restructuring didn't worked and stock corrected by 50% after we pointed out CG issues

On bankrupt companies

DHFL :

JET AIRWAYS :

VIDEOCON :

RCOM :

Future Group :

SREI :

Sintex :

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More from @BeatTheStreet10

Beat The Street Profile picture
Dec 30, 2022
Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules

wap.business-standard.com/article-amp/ma…

Company promoters bought shares even when they held more than 75 per cent

Brilliant analysis by @This_khushboo @bsindia

A quick thread 🧵

#glenmark #corporategovernance #redflag
Glenmark Life Sciences, 100% subsidiary of Glenmark Pharma, launched IPO in July 2021

Post-IPO, stake of promoter group fell from 100% to 82.84%

Sebi rules provided three years to reduce promoter stake to 75%
During this time further purchase of shares by promoters wasn’t permitted

Promoter Saldanha purchased 7,800 shares (0.01 per cent) from the market in November 2021

Proxy firm SES said purchase, even if inadvertent, violated SAST regulations
Read 4 tweets
Beat The Street Profile picture
Dec 28, 2022
Beaware⚠️

Reliance Naval - Garbage Stock which soon erode shareholders wealth as NCLT has approved the Resolution Plan of Hazel Mercantile & Swan Energy

Why Exchanges / Regulators have allowed it to trade? Can't they suspend trading just like other cases
They will pay around 2k crore against debt of 9k crore

Nothing left for existing equity - delist or equity write off

So be cautious if you are buying Reliance Naval just because Swan Energy & Hazel Mercantile are buying and stock is in upper circuit
Reliance Naval NCLT order says existing equity will be cancelled & extinguished. Subject to

Existing SH will get 1 share in RNAVAL 2.0 for every 275 shares held in RNAVAL

Existing SH will be able recover losses if Share price of new entity rose upto 800+ (275x)

#Reliancenaval Image
Read 6 tweets
Beat The Street Profile picture
Dec 28, 2022
Navkar Corp : A interesting smallcap company can be wealth creator on mutliple thesis points

A quick thread 🧵on covering thesis and anti-thessis

Like Retweet Share Follow if you find valuable

#NAVKARCORP #NAVKARCORPORATION Image
Business & Financial overview ImageImageImageImage
1. Have sold Vapi Unit to Adani for ₹835crore which will help in capex, have 200 crore cash after deal
2. repaid its entire debt taken from various Financial Institutions
3. Promoters are buying at levels of 53 to 56 (0.20% till now)
4. Released full promoter pledge ImageImage
Read 7 tweets
Beat The Street Profile picture
Dec 19, 2022
The domestic automobile sales volumes grew by 20% y-o-y in November 2022. The growth momentum
continued due to wedding season, offers, a low base. Image
On the other hand, exports are expected to decline by 12-15% in FY23 on account of ongoing geopolitical
tension, globally high inflationary and interest rate environment.
lets see the trends of autos in last month -
2-Wheeler - The 2W segment grew by 17% on a y-o-y basis during November 2022 amidst the ongoing wedding season and low base of last year.
Read 8 tweets
Beat The Street Profile picture
Dec 18, 2022
Let’s try to understand the new theme -
Coal Gasification - India can substantially change the way how coal is used currently.

What is CG?
Why India is investing heavily in it heavily?

Like and retweet for maximum reach. Image
On 3 Nov, FM Nirmala Sitharaman launched the biggest-ever coal mine auction of 141 mines in India as 6th round of coal mine auction and asking for greater investment on Coal Prod and gasification due to increasing natural gas prices globally.
Coal imports for the power sector have come down by 41%

Coal, Mines & Parliamentary Affairs Minister Pralhad Joshi said that the coal ministry is exploring alternative methodologies for enhanced use of coal.
Read 21 tweets
Beat The Street Profile picture
Dec 17, 2022
Sebi need to bring some regulations around company's media interaction & investor communication via concalls

A thread 🧵on recent case studies of How concalls / media interactions were used as device to disguise investors?

Like Share Retweet if you find valuable

#investing Image
Case Study 1

Gland Pharma lied about syringe shortage to hide their permanent covid related biz which has gone off now..!



This has led to giving safe exit to one insider at higher price
Case Study 2 : Vedanta told investors via Chairman Speech at AGM, Concalls, Media interactions and other media publications about semiconductor biz that this biz is under Listed Vedanta Ltd which was actually not the case



Result : rise in share price
Read 12 tweets

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