Hi Diffsoft,

How to identify vendor over invoicing ?. please educate me. wish to learn.

The same i heard in Ester ind, they are doing OI.

Thanks,
Mahesh

Thanks for the correction on the wages front. Had a quick look and got the decimals wrong. I will edit my post to delete this section.

I have some personal experience in the commercial property in Chandigarh/ Panchkula and can confirm the situation is really bad. This technology park is in the new section of Panchkula beyond the Ghaggar river which is some way out of town. However, this group has been in the real estate business for some time and they might be able to swing some lease rentals, but that remains to be seen.

Yes they are still doing real estate development under the Amravati banner. But to be fair to them, they have completely disclosed the relationship in the related party section.

On the office consolidation front, their main office is in Sec 17 Chd which is unlikely to be relocated. They also seem to have some office in the Panchkula industrial area along with their factory. Yes I agree that some of it can be consolidated. My point is that the BPO business doesn't look like a serious venture that they are trying to pursue. This group has only done laminates and real estate till date.

Hi,

Any investors in VLS Finance ltd?

Its AGM is on 24 Sept in New Delhi - I plan to attend the same.

Main issue from my perspective is why Q1 results were so bad when Rs. 40 crores of Relaxo shares were sold. If Rs. 40 crore profits can be siphoned off in 1 quarter, then Rs 900 crore of investments too can be similarly siphoned off in next 1-3 years.

Fellow members please send your questions - I can try to seek answers in AGM. Please also let me know if any fellow member plans to join in.

Note - Needless to mention I am an investor.
PS - AGM of relaxo footwears is also on same date and same venue (main value driver of VLS Finance).

@hitesh2710 bhai, How do you compare Torrent with Ajanta, given that you have studied both the companies and understand their business better than most other people? I have small position in both Torrent and Ajanta and trying to figure out how to build on these positions now that both are in the same price range, but Torrent seems to be attractive on valuation front while Ajanta looks to have had a better business model.