AN INSIGHT INTO SECURITIES LAWA PRACTICAL VIEW POINT..

A Case Study

Presented by:Mr. Pavan Kumar VijayManaging Director

IMPORTANCE

THINGS CHECKED

Change in management and promoters shareholding

Movement in price and volume of the scrip

Disclosures at Stock Exchanges (Shareholding/ Financials/ other announcements)

Disclosures of SEBI (SAST/PIT)

Major Announcement during the Period

Announcement actually carried out (Bonus/tie ups etc.)

Undue Profit earned

PRICE MOVEMENT AND SHAREHOLDING

COMPARISON

Time period 31.03.2006 1.04.06-30.06.06

01.07.06-31.09.06

01.10.06-31.12.06

01.01.07-31.03.07

01.04.07-30.06.07

01.07.07-30.09.07

Shareholding of Promoter

49.49% 0.61% 0.61% 0.13% 0% 0% 0%

Shareholding of Acquirer

3.37% 43.42% 41.91% 21.69% 14.65% 0% 0%

Shareholding of Public

47.14% 55.96% 57.46% 78.19% 85.35% 99.70% 100.00%

No. of Announcement

S M S M S M S M S M S M S M

- - 1 - 3 3 3 12 1 14 1 - 3 -

Rate L H L H L H L H L H L H L H3.5 6.5 6.9 15.3 6.5 18.0 16 154.

443.5 217.0 21.3 48.2 17.

635.7

Volume 23293 1963761 2086551 5760709 8835454 5086644 906982Bulk Deals – (1) No.

5 33 12 120 166 41 6

(2) Transaction 344355 1818927 296748 4348224 7162248 1614899 120997

COMPARATIVE PERIOD CHART

NUMBER OF ANNOUNCEMENTS

CALCULATION OF UN-DUE PROFIT

Period Total Share capita

l of Company

(in no)

Wt. Avg

Price (a)

Shareholding

Promoter Group

Bodies Corporate

Total Change

% No. of Shares

% no. of Shares

Buy (no of shares)(b)

Value(a*b)

Sell (no of shares)(c)

Value (a*c) Rs.

31.03.06 2800000

  45% 1200000

5% 140000       

1.04.06 to 30.06.06

2800000

15 1% 10000 46% 1200000

1100000 16500000    

01.07.06 to 31.09.06

2800000

14 1% 10000 50% 1300000 100000 1400000    

01.10.06 to 31.12.06

2800000

85 0.05% 3000 45% 1100000     190000 1600000

01.01.07 to 31.03.07

2950000

130 0% 25 30% 800000     300000 4800000

01.04.07 to 30.06.07

2950000

28 0% 25 15% 500000     300000 8800000

01.07.07 to 30.09.07

2950000

23 0% 25 18% 400000     30000 750000

Total                          Profit=

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