Kedia posted on x: “Although I convict the words, the essence is clear: shareholder money must be respected. Incompetent management with thick salaries and benefits should not forget – the time have changed – the 13 crore investors of India have their own way to express themselves.
His comment referred to a viral video of the virtual AGM of the Microcap -Optalmic Equipment Maker, where shareholder Abhishek Kalra – who only owns one share – launched a sizzling attack on the company’s management.
Kalra accused general director Krishna Gopal Gupta of chairing tens of years of losses despite his industrial experience, and stated that “even ten shareholders will walk behind your funeral procession.” He ended his speech by demanding Gupta’s resignation within ten days and stated: “You have to resign in 10 days because you can’t run the show.”
The clip went viral after a company officer clarified that Kalra had only one share, contributed to the drama and the expression “EK Chutki Share” about investor circles online.
GKB -Oogheliology, who produces lenses and other optical equipment, has a hard time on the stock exchanges. The share has fallen by 32.27% in the past year and from 18.38% years to date. For more than two years it has dropped almost 13%. The company has seen a mild recovery in the last three months, with an increase of 10.5%. The AGM outburst has become a greater symbol of small shareholders who demand responsibility for management. Kedia’s intervention strengthened that message, suggesting that boards can no longer collect minority voices – even if they only represent one share.(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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