Very opposite view here
- the management/BOD is completely family owned
- the salaries/perks are around 12-15% of bottom line given back to family only
- the unfair compensation policy where 4 cr of salaries of Promoters from Mold tek packaging and technology
The share will be at the discretion of management.!!! - the management themselves stated that apart from his son in law they spend less than 2 -5 days a month in Technology
Then why more than 70% of overall compensation withdrawn from technology business? Isnt that prudent to withdraw on basis of time spent in business
Hence ethically major remunaration from plastic business
For management it doesn’t make any difference but for us it makes difference since every shreholder in tech isnt the shareholder in packaging
- some of the concerns are common for business where one entity has been being big
Hence my above concern–> does the management have what it takes to build anothe gaint?
It doesnt only mean in terms of revenue or profits
It also means in terms of high corporate governence practice
Make the board independent if you cant find way to be non partial towards both business
Or be competant and consider minority shareholders as well
Hence i have bought but not upto certain level generally i buy around 10% of total pf as starting position if i find idea to be convincing enough
But there are many puzzles here, will see how it pans out, have invested but total position around 6% of total PF
Than will think Weather to inch up or not
Subscribe To Our Free Newsletter |