Philips Domestic Appliances India Limited was incorporated as a wholly owned subsidiary of Philips India Limited on 17-July-2020. The company was formed to taken over the domestic appliances business of Philips India Limited. Now, Philips Domestic Appliances along with Preethi Kitchen Appliances Private Limited got demerged from Philips India and working as separate company w.e.f. 01.07.2021.
The Composite Scheme of Arrangement for Demerger (“Scheme”) under Section 230 to 232 and other relevant provisions of the Companies Act, 1956 and Companies Act, 2013, between “Philips India Limited” (Demerged Company) and “Philips Domestic Appliances India Limited” (Resulting Company), Preethi Kitchen Appliances Private Limited (Amalgamating Company) and their respective shareholders was approved by;
(a) The Hon’ble National Company Law Tribunal, Mumbai Bench vide order dated 13 May 2021 and
(b) The Hon’ble National Company Law Tribunal, Kolkata Bench, Kolkata vide order dated 14 June 2021.
In accordance with the Scheme, the assets and liabilities pertaining to Domestic Appliance business will stand transferred to and vested with Philips Domestic Appliances India Limited with effect from the appointed date i.e. July 1, 2021 and shareholders of the Company will be allotted 1 fully paid equity share of Philips Domestic Appliances India Limited for each fully paid equity share held by them in the Philips India on or before the Effective date and the transfer of the Demerged Undertaking shall be on a going concern basis.
The primary business of the company is distribution and sale of kitchen appliances, home care, garment care and coffee makers.
(ii) Air Fryers
(iii) Food Processors
(iv) Vacuum Cleaners
(vi) Air Purifier
(vii) Coffee Machine
(viii) Face shavers
(ix) TV, Monitors and Projectors
(x) Headphones and Speakers
As on March 31, 2022, the issued, subscribed and paid up equity share capital stands at INR 57.5 Crores divided into 5.75 Crores Equity Shares of Rs.10/- each.
|Total Available Shares:||100|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||50 Shares|
|Current Unlisted Share Price:||₹ 735 Per Equity Share|
|Particulars (in Cr)||March 22||March 21|
|Revenue from operations||1,746||1,264|
|Cost of Material Consumed||290||197|
|Purchase of Stock-in Trade||902||651|
|Change in Inventory||-79||-62|
|Employee Benefit Expense||126||106|
|No. of Shares||5.75||5.75|
|Profit (Loss) for the period||137||74|
Please find below the procedure for buying Philips Domestic Appliances India Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Philips Domestic Appliances India Unlisted Shares at UnlistedZone.
Lock-in period of Philips Domestic Appliances India Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Philips Domestic Appliances India Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Philips Domestic Appliances India Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Philips Domestic Appliances India Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Philips Domestic Appliances India Unlisted Shares Instantly?
The Philips Domestic Appliances India Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Philips Domestic Appliances India Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Philips Domestic Appliances India Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Philips Domestic Appliances India Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Philips Domestic Appliances India Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.