« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Rates)  How can Form 15G & Form 15H save TDS on interest income?  How are e-filing and e-payment of taxes different? Know details here  Income Tax return (ITR) filing 2024: What is Form 16, when is issue date and why is it crucial? Explained  Step-by-Step Guide To File Income Tax Return FY 2023-24  Income-tax filing: Should you file your returns in April or wait until July 31?  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues «  SIRC convention from today... CEOs favour FBT abolition... » HB moves Delhi High Court against CLB order November, 29th 2007 Revises offer price for DCM Shriram Industries   HB Stockholdings, the Delhi brokerage that had challenged DCM Shriram Industries Ltd (DSIL) promoters move to issue preferential warrants to themselves, has appealed to the Delhi High Court against the Company Law Boards (CLB) decision refusing a stay on the warrants issue.   HB has also revised the open offer price to buy 22.88 per cent of DSIL shares from Rs 70 to Rs 120. The matter is expected to come up for hearing on Friday. The purpose behind raising the price is to ensure that we are able to garner more shares and increase our stake in the company, said a source close to HB Stockholdings. The companys stake in DSIL was 12.87 per cent when it announced the open offer last week and is now close to 15 per cent following open market purchases. The DSIL board had passed a resolution in October allowing the promoters to allot 700,000 warrants to themselves with each warrant to be converted into three shares at different points of time over the next 18 months. The price for these shares was fixed at Rs 52 but with HBs open offer and petition against warrants, the board raised the price to Rs 90. It also decided to convert these warrants in one go to bring in Rs 18 crore as working capital. HB Stockholdings, promoted by Harish Bhasin, had filed a petition with the CLB seeking a stay on the move to issue warrants, claiming that it could impact the interests of minority shareholders. The CLB in its decision on Tuesday had refused to grant a stay on the preferential warrants.   A source close to DSIL said that the result of postal ballots will be available on Friday and the allotment of warrants would take place the same day unless the court decides otherwise.   On the Bombay Stock Exchange, DSILs share closed at a fresh 52-week high of Rs 101.90, up 5 per cent over the previous close. The share has jumped by over 27 per cent in the past week.