Found Osia Hypermart interesting (Dmart type business), but on digging deeper found many corporate governance issues.
Number of public shareholders increased by 500% in last one quarter from 6k to 38k. Looks like a pump and dump story in fact.
Negative operating cash flow, company never generated any cash flows from operations.
Lot of related party transactions. Rents and loans to directors.
Promoters stake is down almost by 20% in last 4 years. Announced another right issue recently.
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