The Body language, transparency and willingness to discuss business strengths/opportunities, the assured confidence (no arrogance) from Management was palpable for everyone,was like “apna time aayega” …actually “apna time aa gaya hai”. Time for some sanity checks to cut through the unmistakable euphoria felt by every investor present in AGM.
On the scuttlebutt side I met a couple of long time shareholders in Shivalik with interesting inputs.
- Despite all that Jazz on inline inspection automation, no human intervention, cleanliness, high accuracy, zero defects, et al, there are product recalls.
- Shivalik factory is a single point of failure. Being located in the Kangra Valley it is also prone to seismic activity. It happened many decades back but there was huge devastation last time round
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