The Red Herring Reporter

Risks, Red Flags & Real Numbers decoded. 🚩

[The Red Herring Reporter @RHReporter]

Game Changer saying their game is going to change sees “SIGNIFICANT UPSIDE POTENTIAL”

Vision Main Board

Negative Cash Flow

High Debtors due to Global Disruption😂😂

@alphaideas

[The Red Herring Reporter @RHReporter]

Affluence Fincon Service Private Limited

Common Directors: Dhiren Mahendrakumar Shah and Malay Shantilal Kothari

Listed Companies Bulk Deals: Z Tech (India), Cash U R Drive and Davangere Sugar

[The Red Herring Reporter @RHReporter]

Everybody is talking about Rajesh Exports Limited and 15 lakh crore fake billing orders by SEBI 🚨

Nobody is talking about the Actual Name that helped Rajesh Mehta in Derivative Trading and Pump up Financial Turnover 📈📉

Detail Thread…🧵

[The Red Herring Reporter @RHReporter]

Affluence Gems Private Limited

Common Directors: Dhiren Mahendrakumar Shah and Malay Shantilal Kothari

Listed Companies shareholding: Monika Alcobev, C2C Advance and Karbonsteel Engineering

[The Red Herring Reporter @RHReporter]

DSM UnFresh Foods is guiding 70–80% FY27 growth.

But cash flows are negative, positive CFO may take 2–3 years, working capital keeps rising, and debt lines may go up.

We flagged it near ₹150. Stock is already ~50% down.

Revenue can be shown.
Cash can’t be faked. ⚠️

[The Red Herring Reporter @RHReporter]

DSM Fresh Foods (#Zappfresh): Making Investors Maamu 😂

Acquired a Promoter Entity for ₹7.5 Crore which earns just ₹14.9 Lakh in Revenue

The "Silent OFS" Playbook:
How to exit via high-valuation Related Party Deal🚩🚩

[The Red Herring Reporter @RHReporter]

Balmer Lawrie Buyback Again Cancelled 🚨

5 May: Company said board will consider Buyback

15 May: Meeting postponed to 17 May

17 May: No Buyback announced‼️

Balmer Lawrie is repeating this pattern in 2022, 2024 & now 2026

[Beat The Street @BeatTheStreet10]

A Masterclass on Cash Flow Statements🚨

Recently reviewed an SME company’s Cash Flow Statement and found some shocking classifications:

• Non-current liabilities adjusted under working capital changes- even though they belong to Financing Activity/(else depend on line item but not shown as part of Operating Activity)

• Current investments deducted from Operating Cash Flow: turning positive CFO into negative -
Either shown as a part of Investing Activity or as a part of Cash Equivalent

• Only gain/loss on sale of assets shown, but actual sale proceeds missing from Investing Activity

• For the first time ever found interesting line item in Cash Flow from Financing Activity - “Proceeds from issue of Security Premium” 👀(Just Disclosure Change - Proceeds from issue of equity share)

Interestingly How this Man matched the Cash Balance?
Comment below - what can be the possible balancing figure here?

One more Interesting part?
The company raised funds to purchase a corporate office. This is exactly why smart investors don’t stop at Revenue, EBITDA or PAT.

The real story hides inside:
• Cash flow classifications
• Notes to accounts
• Working capital adjustments

#redflags

[The Red Herring Reporter @RHReporter]

Incred Holdings - Interesting snippet from DRHP

Company consider Marquee Investors as their important qualitative factor

[The Red Herring Reporter @RHReporter]

Research Analyst ROCKED 🥳
Baheti Recycling Industries SHOCKED 😰

On 5 May 2026 Concall of Baheti Recycling Industries

An Analyst raised question regarding OVERPRICED Preferential Issue at 592+‼️

Whereas the Fair Valuation Report Clearly states the Fair Value of 315 😱

[The Red Herring Reporter @RHReporter]

Capex Journey of KMEW 🔥

Specialized Work Boats + Tugs ➡️Integrated Repair Facility + Floating Dry Docks ➡️ Large Scale Vessels

[The Red Herring Reporter @RHReporter]

Knowledge Marine & Engineering Works Limited🚢

🚨KMEW enters Commercial Shipbuilding through Subsidiary Knowledge Shipyard Pvt Ltd

1. Acquires 15 acres of Prime Waterfront Land at Saphale, Palghar

2. Hull Fabrication along with Mechanical + Electrical Workshop at the Facility

[The Red Herring Reporter @RHReporter]

Fratelli Vineyards Limited

📢Lapse of Warrants and Forfeiture of Upfront Payment worth 2.72 crore

The Promoter themselves have NO Confidence in Business...⛔️

Vineyards ❌
Graveyards ✅
@goindiastocks

[The Red Herring Reporter @RHReporter]

Suraj Estate Developers ka Suraj Dubte Hue...🌅

Warrant holders chose not to convert even after paying 50% upfront ❌

~₹50cr forfeited, but no equity came in 🤡

Preferential Warrants Issue Price: 750/-
CMP: 238/-

[The Red Herring Reporter @RHReporter]

Chemtech Industrial Valves Limited

Promoter Group converted Warrants at 2⃣0⃣0⃣/-

Whereas the CMP is 9⃣0⃣/-

Interesting times ahead....🤔
@vikaskhemani sir Top Public Shareholder