Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Aasin, It is well known that shishir and puruvi spend virtually all their time on Pranagraf. They have what they always wanted, the downstream to themselves. Tgr is only there as a building site where they dig the graphite up and send it to them elves. They have not been honest with the tonnage for over 2 years. Why do you think they have said "In light of the limited working capital availability, the Company's operations remain impacted. Operations are currently being run intermittently, resulting in lower production and sales, as depicted in the result for the year ended 31 March 2024" Dyor
A complete disclosure of Commercial Agreements, Corporate Structure of Panagraf is essential, as is a Full detailed disclosure of Financial Transactions between Panagraf and TGR. Crucial to see Income and Cost accounts along with Annual Profit and Loss Accounts, Panagraf report. If as a Private Company, disclosure is stone-walled, the TG group should instigate appropriate proceedings against the Directors of Panagraf.
If, as alleged, Shishir has been up to No Good, he is going to react like a cornered Rat, not pleasant.
Unless Shishir comes Totaly clean, this is going to get terribly messy, leaving Pi's with little and nothing or a Jewal!!!
Record sales revenue and production without spending any time on TGR, impressive. Also they want downstream Pranagraf for them selves? It’s already theirs, the proposal was blocked. You already know all this though you are just stirring the pot. Honestly a few people on here are starting to sound like bad gamblers not investors.
Saluc maybe you are a gambler, many of us are not and accepted "never invest more than one is prepared to lose".
If as you continually repeat, all in the garden is rosy, why are the many issues surrounding the Management and performance of TGR has led to the virtual demolition of the share price?
If a company any company has trading connections with a Customer Company which is Private, and has Corporate Owners that are analogous to each other, it is only right and proper Shareholders in the Public company have complete knowledge of the "doings" between the 2.
Do you accept this as a Principle of sound Commercial Practice??
Fair enough and you are correct that everything should be done above board. Yet I haven’t heard or seen any genuine evidence that wrong doing has been done.
Listening to the likes of Tomorrowyesterday and shareprofits who are spreading this information is dumbfounded, look into the benefits of the related parties and you would understand TGR would not be in the advanced position it is without them. Yet you’re being led to believe the company will be better off without them, if I wasn’t invested I would find it laughable.
Saluc as a VC and a person who has frequent contact with Directors and managers, I know the warning signals when a company is being badly run.
You seem to agree if things are being badly managed it should be exposed. If, as you state everything is OK, the company is growing etc etc and yet a number of troubling issues have occured, surely you would be happy to see a full and detailed audit/report on the connection, commercial and otherwise that exists between TGR and Panagraf?
That would at the very least show transparency and nothing to hide.
Do you agree?
Yes of course, I think you would agree there are more pressing matters at the minute though, wouldn’t you agree?
It’s seems a bit like when Shishir was forced to deny the company was being taken private, lots of noise from a select few and turns out to be no truth in it at all.
You either believe a conspiracy that this group is able to pull everyone associated with TGR in or the common denominator is Shishir and all those associated with him are therefore cutting ties.
I'm not trying to claim I know which of the two it is but usually the most obvious answer is the true answer.
It wasn’t a conspiracy that the company was being taken private, it was a lie is no factual evidence.
Similar to the “conspiracy” that Shishir is selling himself the companies graphite on the cheap. Where is the actual evidence, he clearly denied all claims in informative response to the requisition letter.
Saluc, the company hasn't been taken private....yet. I'm leaning towards TGR goes into administration and the assets get bought by the Poddars and maybe the original investors (Optiva), leaving all the debts and us shareholders behind. Maybe this was the plan all along but someone had better come up with a lifeline "imminantly", rather than empty promises.
After he has already incorporated many of his companies into TGR and while holding a significant amount of shares, I’m sorry but it just does not make sense..
Do you know what companies has he incorporated into TGR? As far as I know, his companies have benefitted from TGR by either selling them equipment or buying the graphite.
I don't think the Poddars will lose control of the mines, whatever happens with TGR. Or if they do lose the vote the new board will probably do the same thing. Either way, there is a risk us shareholders will lose.
Saluc it does make sense if you beleive the downfall of TGR, as we know it has been engineered. Administrators come in, it only takes an agreived creditor(s) to make application and Bingo. Open season for Shishir.
It’s all in here Boris - https://tirupatigraphite.co.uk/pdf/TGplc-AR-March-18-compressed.pdf