Two listed companies which have also dealt with Elitecon International are:
Osia Hyper Retail
Landsmill Agro
Source SEBI order on Elitecon International
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The Red Herring Reporter
146 posts
The Red Herring Reporter
@RHReporter
Risks, Red Flags & Real Numbers decoded. 🚩
Mumbai, India Bergabung Aralık 2025
1 Mengikuti379 Pengikut
Notable SME companies which were recently promoted by @DesiWallStreet and @WealthSolitaire and could be under radar of SEBI's investigation
LT Elevator
DSM Fresh Foods
Freshera Agro
Afcom Holdings
Taurian MPS
Star Imaging
Phantom Digital
The Red Herring Reporter@RHReporter
SEBI is investigating certain social media influencers for pump and dump
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SEBI is investigating certain social media influencers for pump and dump
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Panchkula Municipal Corporation discovered issue with FD at Kotak Mahindra Bank's Sector 11 branch in Haryana, including missing receipt, possible diversion and fake document
Amount: 150 to 160 crore
The bank filed a police complaint...🚨
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Transrail Lighting Limited
Search and Seizure Operations by Income Tax Department since 24 March
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Out of ₹71 Cr raised...
₹17.5 Cr is for "General Corporate Purpose."
That's 2⃣5⃣% of the total raise‼️
When a company can't tell you what they're doing with 1 in every 4 rupees 🤔
That's a question, not a detail ‼️
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So, company’s fair value is 315 but trading around 500-600 and raised money at 600 😱
Thats major discrepancy even on CMP after steep correction, the valuations are not sustainable...❌
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Baheti Recycling raised ₹71.27 Crore...
Got only ₹7 Crore...
Market down hai is not the reason
Company raised money almost at 2⃣X of Fair Valuation‼️
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Numbers Pumped⏫ Reality Dumped ⏬
Capacity shown 94,360 MTPA vs actual 53,430
Land: 30 acres vs 13.32 acres
That’s not rounding off, that’s rewriting reality 😔
If past disclosures were this off, what do you trust today?
#RKBGLOBAL
#IPO
The Red Herring Reporter@RHReporter
Auditor Flags🚩Piling Up at RKB Global💀 (from the FY 23 - 25) Time to Wake Up ❓
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Majority of CAPEX in last 3 FY is for Acquisition of Promoters Properties 🥳
Capex or family shopping spree... 😏
FY24: 5⃣4⃣%
(₹149.2 Mn/ ₹275.4 Mn) to promoters...
FY25: 4⃣1⃣%
(₹117.4 Mn / ₹286 Mn) to promoters...
“Arm’s length” they say… looks more like arm-in-arm 🤝
The Red Herring Reporter@RHReporter
Auditor Flags🚩Piling Up at RKB Global💀 (from the FY 23 - 25) Time to Wake Up ❓
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FY24: ₹3,215L grain & dry fruit trading done WITHOUT MoA approval 😱
Business first, paperwork later?
“No impact” claimed, but controls look weak ❌
If basics slip, what else is off❓
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Large Related-Party Favor 🚩
Company bought directors’ personal properties ~₹1174.18L
Even if at “arm’s length”, such transactions raise governance concerns 🤔
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Auditor Flags🚩Piling Up at RKB Global💀
(from the FY 23 - 25)
Time to Wake Up ❓
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Ola Electric raised ₹5,500 Cr from retail investors promising R&D and growth
Then quietly filed a SECOND revision to cut ₹575 Cr from R&D
Where did it go?
Debt repayment: Nearly doubled from ₹395 Cr to ₹870 Cr
Poor Investors paid for their balance sheet cleanup
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HDFC Bank Timeline
Chairman Atanu Chakraborty's resignation letter is dated March 17.
He seems to have submitted it to the board on March 18 and stepped down with immediate effect.
The bank's board decided to appoint Keki Mistry as interim chairman and received RBI approval for the appointment.
The bank informed the stock exchange at 10.33pm.
menaka doshi@menakadoshi
Atanu Chakraborty, HDFC Bank Chairman (part-time) resigns for alarming reasons. "Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision." Keki Mistry appointed as interim part-time chairman. Resignation letter filed with BSE.
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HDFC Bank Chairman Resignation Raising Corporate Governance Questions
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Swan Defence and Heavy Industries Limited
Interesting Chain of events 😂
11 March: Uploads Corporate Presentation 📈
17 March: Notice for Offer for Sale 📉
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