Annual Report: 2022
The Metropolitan Stock Exchange of India Limited (MSE) held its 14th Annual General Meeting on December 1, 2022, via video conferencing. The meeting addressed the adoption of audited financial statements for the year ended March 31, 2022, and the re-appointment of Mr. Raghunathan Srinivasa (DIN: 07615088) as a Shareholder Director, subject to the approval of the Securities and Exchange Board of India (SEBI).
Members could attend the AGM via VC/OAVM, with the facility available to the first 1000 members on a first-come, first-served basis, excluding large shareholders, promoters, institutional investors, directors, key management personnel, and auditors. The company engaged NSDL for remote e-voting and venue voting. The remote e-voting period was scheduled from November 28, 2022, to November 30, 2022.
Shareholders could register as speakers to raise questions by sending their queries in advance to secretarial@msei.in from November 23 to November 25, 2022.
Mr. Ramakant Kini of Sterling Associates was appointed as the Scrutinizer for the e-voting process.
The explanatory statement included information about the reappointment of Mr. Raghunathan Srinivasa, detailing his qualifications and experience, including his previous roles at Canara Bank, Stock Holding Corporation of India Limited, UTI Investment Services Limited, TCS Limited, CAMS Pvt. Limited, and IFMR Trust, and National E-Governance Services Limited. Mr. Srinivasa attended two Board meetings in FY 2021-22 and does not hold any equity shares of the Company. He shall be entitled to receive sitting fees.
Trading Members or their associates and agents as on the cut-off date were not eligible to vote on Item No. 2 of the Notice. The company securities were required to be maintained in Demat mode. Shareholders were advised to update their contact information.
The Annual Report of 2021-2022, which was available on the company's website, showed that Mr. D.K. Mehrotra, Chairman and PID, resigned on March 14, 2022 and Mr. Vijay Sardana, PID term expired on April 26, 2022. Mr. S.V.D. Nageswara Rao was appointed Chairman w.e.f. June 15, 2022. The financial results showed a net loss reduced to Rs. 2349 Lakhs in FY 2021-22 as compared to Rs. 2430 Lakhs FY 2020-21.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
