29th Dec 2010
(12th November 2004)
Respected sir,
I had purchased total 1,09,000 shares of Kolar Biotech. Ltd. on 09th August2004 at the rate of Rs. 1.61 /- per share and thus invested Rs.1,75,000 /-. I had bought the shares after seeing a KBLs announcement regarding a bonus and GDR issue in Economic Times, page no.3, dated 05th August2004. But the company had not followed the same. From 09th October2004 SEBI had suspended trading in the above companys shares.
I had tried to contact the company on phone, fax, email, postal address but no reply was got. Please try to find out the Directors and give me a justice.
COMPANY INFORMATION:
From the BSEs website I had got the following information regarding the company-----
Name Kolar Biotech Ltd.
Previous Name Kolar Information Technologies Ltd.
BSE code no. 532148
ICICI code no. KOLINF
Address Narayan Building,
23, Lakhamshi Napoo Road,
Dadar (East), Mumbai
PIN- 400 014
Website Kolarbiotech.com
Email kolarbiotech @ indiatimes.com
Contact no. 24151447, 24151450
FAX NO. 24131831, 24151470
Compliance Officer Mr.Noman Usmani
Director Mr.Haresh Teckchandani
Chairman and Director Mr.Vinod Hingorani
Managing Director Mr.Vikash Seth
The companys name was related to IT in good days in that particular field and after that they had linked it to Biotech in the boom of that field.
Also the Directors of the above company were related to Soundcraft Ind. Ltd. This was also suspended from trading in that period.
Previously the BSE site was showing the name of all the Directors and persons holding shares more than 1 % in the page shareholding pattern. But in mid-October 2004 the site had stopped opening that particular page.
What may be the reason behind that?
Whether the persons from BSE were involved in that?
After mid-October 2004 both the companies (KBL & SIL) directors list was not there on BSE site.
Public is purchasing the shares after seeing BSE & SEBIs website then what they are
Doing?
In the time of Mr.Harshad Mehtas case around 100 peoples were committed suicide; still SEBI is not taking any action against these types of peoples. When this will stop?
Kindly suggest me in the following queries ----
1. Whether I should register a complaint in Consumer Forum?
3. What SEBI can do for me? (I had already registered a complaint)
4. Who had given the advertisement in the Economic Times?
PERSONAL INFORMATION:
Name PRADEEP MAHADEO THORAT
Email
[email protected]
[email protected]
Contact no. 9422449955
9923205028
This is for your kind attention and necessary actions.
Thanking you,
Yours truly
PRADEEP M THORAT