#Religare #Specialsituation
Interesting things have unfolded in Religare Enterprises over past couple of years and catalysts keep on lining up here for value unlocking as well as value creation
Let`s discover the interesting sequence of events and how this offers a compelling opportunity.
2018- Singh brothers exit Religare amid the fund-diversion scandal that left RFL with massive defaults and RBI imposed corrective action plan. By 2020, all major lenders classified RFL as a "fraud" account.
2018 onwards- Burman family (Dabur promoters) quietly accumulate REL shares. By mid-2023 their four entities — MB Finmart, Puran Associates, VIC Enterprises, Milky Investment & Trading collectively held 21%
Catalyst 1 : The open offer trigger- Sep 2023
Burmans bought an additional 5.27% taking their stake past 25% — which automatically triggered a mandatory open offer for an additional 26%.
Open offer at: ₹235/share
The 18-month hostile resistance:
A corporate battle continued between Burmans and Rashmi Saluja (Religare Chairperson), both parties accusing each other of unlawful actions and wrongdoings to maintain control and gain profits out of Religare`s stable ship post 2018 fiasco
FY26 was a year of outperformance for Rossell Techsys, with the company exceeding expectations in semiconductors, space, commercial aerospace, strategic agreements, and growth visibility.
Here's a detailed breakdown of what management guided in Q3, what was delivered by Q4, and the key factors behind the outcome. 🧵👇
I. Financial Performance
Q4 became Rossell's strongest-ever quarter as semiconductor volumes ramped up, the space business entered execution mode, and Boeing continued to provide stable revenues.
These growth engines, supported by investments in capacity and customer qualifications, drove FY26 revenue growth of 87% to ₹485 Cr.
PBT nearly tripled to ₹28 Cr as operating leverage kicked in, despite continued investments in future growth initiatives.
II. Margins & Profitability
Margins remained below the 17-22% target due to upfront spending on customer qualifications, FAIs, hiring, automation, and tooling.
Management reiterated the 8-12 quarter timeline, indicating that current investments are expected to drive future margin expansion.
1/ Russian warbloggers complain that their readers are insufficiently enthusiastic about the disastrous war in Ukraine, following an outpouring of negative sentiment after the drone strikes on Moscow. "Social media has been a living hell since yesterday," one gripes. ⬇️
2/ Warblogger Andrey Antonov urges his readers not to believe what they're reading:
"Be vigilant! Social media has been a living hell since yesterday.
A coordinated campaign against our peace of mind is underway.
I saw the same thing in 2022, during Crocus, Kursk, and so on."
3/ "Your feed is flooded with nonsense, both from new accounts you never followed and from tried-and-true opposition faggots you never followed, but bots are amplifying the popularity of these posts, and they're popping up everywhere.
ZAHIR KEBAB: WHILE YOU EAT THERE, YOU ARE FUNDING YOUR REPLACEMENT
Many Poles see Zahir as a kebab chain. That is the surface.
Behind the counter lies a vertically integrated network built around restaurants, migrant labor supply, halal food production, student-visa migration marketing, Indian diaspora events, and expansion into the rest of Europe.
At the center are two names from the public corporate record:
Jahirul Islam and Jahidul Islam.
The name “Islam” tells you everything you need to know about the product. They aren’t just selling food; they are selling the demographic transformation of Poland, one halal kebab at a time.
This is how demographic replacement happens in modern Europe. It isn’t just about border crossings. It happens through corporate networks, work permits, student visas, retail chains, and “economic growth” that does not actually serve the host nation.
Canada saw it through massive Indian student visa fraud. The US sees it through Indian H-1B pipelines. Britain saw it through decades of diaspora networks becoming permanent infrastructure resulting in a parallel muslim society.
Now, Poland is being pulled into the same pattern.
Zahir Kebab is the case study; it is the Trojan horse.
THE CORPORATE MACHINE
Zahir is not a restaurant chain; it is a closed-circuit corporate ecosystem.
Our snapshot identifies roughly 22 registered entities operating under the Zahir/Z&Z brand. This level of structure is significant. It functions as an insulated network that keeps every stage of the pipeline under one roof.
The public names include ZAHIR & ZAHID sp. z o.o. sp.k., ZAHIR & ZAHID GROUP, Z&Z STAFF, Z&Z PROPERTY, Z&Z SSC, Z&Z POZ, Z&Z ŁÓDŹ PÓŁNOC, Z&Z WRO, FORAZI FOOD, GOOD DAY ROLLS, BALTIC FOOD, ALADDIN, and others.
Each piece has a function:
One layer runs restaurants.
One layer holds property.
One layer handles back office.
One layer handles staffing.
One layer manufactures food.
One layer pushes halal products into retail.
One layer expands abroad.
The two flagship companies alone generated roughly PLN 144 million in 2024 revenue.
This isn’t just about selling food. It’s an economic centrifuge. It pulls resources from the Polish host population and recirculates it within the Indian and muslim diaspora networks, effectively building a parallel economic infrastructure that operates independently of the host nation’s interests.
THE SCALE INSIDE POLAND
The footprint is already national.
The company’s published store finder shows roughly 130 Zahir locations in Poland across 68 cities. Their marketing now claims nearly 200 Polish branches, 22 branches in Portugal, nearly 1,500 team members across Poland and Portugal, and an expansion pace of roughly 10–15 new locations per year.
A defensible Poland-side worker estimate is around 900–1,200 people across the chain and production ecosystem.
But the formal filings do not show a clean workforce picture. The main restaurant operator’s official headcount is tiny compared with the company’s own public workforce claims.
That gap matters.
The real labor structure is purposefully fragmented across a shadowy web of franchisees, contractors, and regional shell entities that facilitate the intake of Bangladeshi, Indian, and other non-European workers.
1/2 Starting on page 70 of the digital document (page 59) there is a listing of viral and bacterial agents being evaluated for biowarfare. It lists many things including yellow fever. apps.dtic.mil/sti/tr/pdf/ADB…x.com/jikkyleaks/sta…
2/2 This is nothing new. Back in the day Dugway Proving Grounds in Utah ran Project Bellwether. The purpose was to evaluate using mosquitos to carry biological agents. In this declassified document I have shared before, on digital document page 11 (page 13), they list the intended vendor, the U.A Army Chemical Corps., and Fort Detrick along with Baker Laboratories supplying the egg papers. apps.dtic.mil/sti/pdfs/AD059…
For those who might be wondering, the project started in 1959.
Generale, mi dia uno strapuntino,
anche in corridoio andrá benino,
per vent'anni le reggo l'ombrellino,
le raccolgo gli applausi e il cappellino,
dalle medie che aspetto una rivalsa,
da quando mi chiamavano "Sua Altezza"
per prendermi in giro davanti a tutti
che siano distrutti
Generale, davanti alla stazione
lo vede il branco che cerca promozione,
io son quello che ride per dovere,
quello pronto ogni volta ad annuire,
che il suo discorso è bello anche se è uguale,
che la sua idea precede il temporale,
e a farmi dare una poltrona,
una cadrega buona.
Generale, la scalata è iniziata,
la concorrenza è nervosa e disperata,
dietro la scrivania non c'è più nessuno
che le contesti i decreti ad uno ad uno,
io porto il caffè, porto il giornale,
porto il consenso quello banale,
quello che cresce nei corridoi
e vale più degli eroi.
An overview of the daily events in Russia's invasion of Ukraine. During overnight strikes, Ukraine hit three ferries and numerous oil infrastructure in occupied Crimea.
Excerpts from TR Fehrenbach's "Fire and Blood: A History of Mexico" (1973). The Porfiriato gave Mexico a generation of stability and development for the first time since independence. This left Mexico overdue for another civil war: the Mexican Revolution.
One problem was that the Porfirian school system had created a large, literate middle structure (not class). These educated mestizos became dissatisfied due to lack of opportunity; growth was rapid but not rapid enough to absorb them all.
The Revolution kicked off in 1910, when Diaz announced he'd won reelection with 99% of the vote. This kicked off an insurgency in Chihuahua, in the mestizo, frontier north.
1/10 🇺🇦 SITREP du 21/06/2026
Nuit historique : l'Ukraine asphyxie la Crimée occupée et frappe à plus de 2000 km. Une campagne d'interdiction systématique paralyse la logistique et l'énergie russes. Décryptage. 🧵
2/10 📊 BILAN DES PERTES RUSSES
Journée noire pour l'occupant :
💥 +1290 soldats
💥 +8 chars & 10 blindés
💥 +93 systèmes d'artillerie
💥 +2 systèmes de défense aérienne
💥 +2346 drones neutralisés.
3/10 💥 APOCALYPSE LOGISTIQUE
Frappes massives sur le terminal pétrolier TES de Kertch (4/7 réservoirs en feu) et le port de Kavkaz. Les ferries, dont le 'Panagia', sont hors service. La liaison maritime est coupée.
1/ Devs, you're browsing hunting frontier roles. Beat manual GitHub vs. JD grinding, level up with Grok. Here's how to get the top 10 best matches w real scores + tailored CVs in minutes. No hype, just speed + signal. 🧵👇frontiertechjobs.com
2/ Share your #GitHub profile (or key repos) with #Grok. It analyzes your actual code, contributions, stack, impact—not just READMEs. 💪 Then paste or link a handful of jobs from the site (or the whole site). Grok pulls the JDs fast. Look for #TopOpportunityMatching. 🧵👇
3/ So ask Grok for a ranked top 10: "Rank these roles against my GitHub. Give % match scores based on tech overlap, experience depth, role type. Highlight gaps & strengths." 🪜 You get a clear, scored list. Focus effort where it counts. 🔎
2017 Actress Assault case: Kerala High Court has admitted the appeal filed by the State seeking enhancement of punishment for the convicts and challenging the acquittal of actor Dileep and others.
Sr Adv Balbir Singh: My recommendation was made on 23. 9. 2025. Collegium recommendation says two vacancies were there for promotee judges . Two juniors were recommeded. I was interacted with on 19th and recommendation on 23rd without having my reply.
Justice BV Nagarathna: These are matters where on judicial side we cannot say disclose this and disclose that. Merely because you are a senior does not mean you will be recommeded. Once collegium discusses, we cannot intervene. There is secrecy involved...
Justice Nagarathna: There is no rejection of your candidature. We don't know what does your recommendation say. It is about subjective satisfaction of High Court collegium. Can supreme court on judicial side ask them look into this and look into that. If this happens then where are we heading?
Justice Joymalya Bagchi: We would have understood if High Court collegium went against SC order, but their decision has been accepted by the supreme court.
בוקר אור מביהמ"ש המחוזי בת"א, זהו היום ה-96 לעדות הנאשם נתניהו, היום ה-2 לחקירה החוזרת. הגענו לישורת האחרונה בעדות נתניהו. היום צפוי פרקליטם של הזוג אלוביץ ז'ק חן לסיים את החקירה החוזרת ואז יחקור בחקירה חוזרת פרקליטו של נתניהו עו"ד עמית חדד. בשבוע שעבר השופטים שאלו את חדד אם חקירתו תסתיים גם היום, חדד השיב ש"נתחיל ונראה", לאחר שאמר שזה ייקח כמה ימים... כאן מתחיל שרשור דיווחים שוטפים מהדיון! 👇🏼
(בתמונה: פרקליטי התביעה כבר באולם, ההגנה טרם)
ההגנה הגיעה
9:36 כולם באולם, מתחילים.
מתברר שז'ק חן סיים את חקירתו. עמית חדד מתחיל לחקור בחקירה חוזרת.
"My boyfriend of four years got a job offer in Canada and we were ecstatic about the news.
For six months, I was the one running around helping him process his transcripts, doing midnight prayers, and even lending him #10 million to complete his proof of funds from my business account and a loan I collected for this journey.
We agreed I would join him next year. The night before his flight, we had a quiet dinner at a restaurant he was looking at me with so much emotion.
He held my hands, cleared his throat, and said,
"Babe, you are the best woman a man could ask for. But I want us to be very honest with ourselves so we don't hûrt each other."
My mind immediately went into defense mode. He went on to say that long-distance relationships rarely work in Canada due to the weather and stress. He suggested that we should do an "open relationship" while he is away.
He said if he finds someone there to help him get his permanent residency faster through marriage, I shouldn't be angry, because it's just "strategic survival," and he will still be sending me money.
I sat there looking at this man wearing the designer shirt I bought him for his birthday. I didn't make a scene or p@nic in the restaurant.
I just smiled, stood up to use the restroom, I took his phone with me since I knew the password to his phone. I opened his banking app, transferred my N10 million back to my account with the description "Strategic Survival Fund," deleted the messages alert and returned to my sit.
🚨 ¿Qué es realmente el p-valor y por qué debería importarte?
El p-valor es un sistema de alarma, una "línea de defensa" contra el ruido.
👉 Úsalo para calibrar cuánto te sorprende lo que estás viendo y qué tan dispuesto estás de cambiar tus creencias.
#stats #datascience
Cuando un investigador dice que un resultado es "estadísticamente significativo" (o discernible, habitualmente p < 0.05), no está certificando la verdad, sino señalando que, si el mundo fuera como asume nuestra H0 (y sus supuestos), lo que acabamos de observar sería muy inusual.
La función principal del p-valor es ayudar a distinguir una señal de lo que es meramente ruido aleatorio en los datos. Es un salvaguarda contra el sesgo de confirmación.
🧠 Algunos consejos: (herramientas complementarias al p-valor)
[Arvind Malhotra vs High court of Himachal Pradesh]
Sr Adv Balbir Singh: My reply on 25.9.2025 was made and the recommendation was made on 23.9.2025. Collegium recommendation says two vacancies were there for promotee judges . 2 juniors were recommeded. I was interacted with on 19.9 and recommendation on 23.9 without having my reply.
Justice BV Nagarathna: These are matters where on judicial side we cannot say disclose this and disclose that. Merely because you are a senior does not mean you will be recommeded. Once collegium discusses, we cannot intervene. There is secrecg involved also... There is no rejection of your candidature. We don't know what does your recommendation say. It is about subjectice satisfaction of HC collegium ..can supreme court on judicial side ask them look into this and look into that. If this happens then where are we heading ?
Justice Joymalya Bagchi: We would have understood if HC collegium went against sc order etc. but this decision of HC has gone further and has been accepted by the supreme court.
Justice Nagarathna: We cannot ask the collegium of HC to disclose any reasons etc.
Singh: But after my representation the supreme court had asked the HC to reconsider the petitioner
Justice Nagarathna: How can you say reconsideration is not done?
Justice Bagchi: Screening committee gives it to the recommendation body. Now you cannot challenge screening committee order.
Justice Nagarathna: There is no cause of action. In Karnataka, for 3 vacancies, 9 are called.. 3 are selected. So others cannot adopt this mode and manner..
Justice Nagarathna: There is no procedural flaw in this as of now. Even you don't know if the name is dropped, removed, etc.
Justice Bagchi: Supreme court collegium endorsed and accepted HC recommendation. Now we cannot open this in judicial review.
Justice Nagarathna: If it has been deferred.. there is a chance the name shall be reconsidered..
Thread with excerpts from the 'Porfiriato' section of TR Fehrenbach's "Fire and Blood: A History of Mexico" (1973). This was the first era of stability and economic growth in post-independence Mexico, summed up with the slogan "Order and Progress."
Independent Mexico's problem was that Mexicans were incapable of setting aside personalisms for truly national institutions; congress, for example, was a joke.
Benito Juarez greatly expanded secular education; but this turned out to be more of a curse than a boon, because the vast majority of people with schooling insisted on government or legal jobs; very few became doctors or engineers or technicians.
This Tulsi Gabbard story is somehow both insane and not surprising. She was a literal flesh mannequin whose entire career is a sham: thousands of documents show her positions and "beliefs" were simply those of her "eat my toenails" cult leader. Let's dive into a thread.
To begin, hyperbole is not an adjective that can coexist side by side with this story. It is a disaster with national-security and political dimensions. It reads, oddly enough, like something beyond Gabbard's most bizarre conspiracy theories. Except it's backed by documents.
It all starts with the cult run by Chris Butler, described as a "breakaway Hare Krishna group" by WaPo. Gabbard grew up in the cult, and her parents held senior positions in the organization. And it is a cult: former members say Butler controlled major life decisions and
Was nützt es einem Menschen, wenn er die ganze Welt gewinnt aber dabei Schaden an seiner Seele nimmt?
Groks Antwort:
Jesus stellt die Frage bewusst provokant: Lohnt sich der Deal? Ist irgendein Preis der Welt hoch genug, um dafür die eigene Seele zu verkaufen?
Die Antwort, die er erwartet, ist klar: Nein.
Es gibt Dinge, die man nicht kaufen kann – und wenn man sie verliert, kann man sie mit allem Geld und aller Macht der Welt nicht zurückkaufen.
Möchtest du, dass ich den Kontext der Bibelstelle
genauer erkläre oder wie verschiedene Denker (christlich, philosophisch, existentiell) diese Frage beantwortet haben?
Das ist ein direktes Zitat aus der Bibel.
Genau gesagt aus dem Neuen Testament:„Was nützt es einem Menschen, wenn er die ganze Welt gewinnt, aber