Ansari Sugar Mills vs Anver Majid: the saga continues

Regular readers of these short reports have likely picked up on the fact that Profit aims to cover a wide variety of listed companies, and sectors. We like to think we are building up both our, and our readers’, familiarity with a subject. 

And then sometimes, we deliberately cover a company again and again, because it is so ludicrous, that we can amuse ourselves just by tracking the chain of events. 

This case would be the latter. Poor Ansari Sugar Mills. As we pointed out in August 2020, and again in October 2020, the company has been trying to hold its annual general meeting since February 2020. But its former CEO, Anver Majid, has been fighting to make sure he remains in charge of Ansari Sugar Mills, even if Ansari Sugar Mills wants him gone. You would think this should be easy. After all, the man is in jail.