This can’t be seen as anything but a red flag.
The promoters also have another company called TCC Concept where they issued 1.3 Cr shares to shareholders of another subsidiary called NES at a price of 352/share whereas TCC had a CMP of 688/share at the time.
There’re issues with all 3 listed co-working companies. Kontor has a Rolls Royce vehicle loan on their company books and are also doing a business loan with their generated cash which is even shadier.
Not sure about Awfis but they’re VC funded and unprofitable.
Also, a bunch of related party transactions in AR23, who is this Pratik Makkar to whom they’ve given ~3 Cr unsecured loan.
Also, weird terminology in loans given, received section for each person. Not sure if Umesh has given or received a loan.
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