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KOHINOOR RAIWIND MILLS LIMITED THROUGH CHIEF EXECUTIVE versus KOHINOOR GUJAR KHAN MILLS

Sections 284, 285, 286, 287, 288 and 160 (1) (b) of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 20 as a merger / consolidation of three companies, namely KTM. The court's objections to the proposed scheme were based on the objections of shareholders objecting to the RM and the small shareholders of the Security and Exchange Commission of Pakistan as audited financial statements of the three companies confirmed it. In the past, KTM did not announce any profit in the last financial year, while KGM was on the defaulters. List of stock exchanges while KRM was a high profit company with high earnings per share. Object shareholders had invested only in KRM shares and had no interest in KGM or would lose their shareholders' objection to shareholders as a result of the approval of KTM's proposed scheme. ? Allocating shares in KTM against KRMs and their will and consent, the value of KRM's shares and consequently the exchange ratio was calculated unfairly - that is, the average market price and share prices. On the basis of the increase, the third relevant factor, i.e., the potential for profitability was not taken into account, nor was there any explanation for the omission of such material which led to the decline in the share prices of the three companies. The swap ratio was calculated based on the relative values of the shares of the three companies that did not arrive at the same standard of assessment. He comes, if applied equally in the same manner in the case of every company. Their immigration advocates from Shedani sharif lawyer