Archit, which operated as Shri Chlochem Limited earlier, did not submit its shareholding pattern for the June 2011 quarter and did not appoint a whole-time secretary in 2003, according to www.watchoutinvestor.com. Shri Chlochem was suspended by the Bombay Stock Exchange in 2007 for not complying with its listing agreement. The suspension was later revoked. 
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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management putting 25Cr of it's own capital through rights issue. I think your reporter need to do better job to justify his salary.