| Address: Elder Pharmaceuticals Ltd, Refd Office Eklder House, Plot number C9 Dalia Industrial Estate, Off Veera Desai Road, Andheri W Mumbai 400 053 |
The captioned deposit receipt of Rs 250000/-, date of deposit 12Dec2011, date of realisation 14Dec2011, for 36 mths @ 12.5% pa, date of maturity 13Dec2014, maturity value 361670/- has not been repaid since 2014 i.e. 8 years now. In 2015, the company had requested for a deferral of repayment due to liquidity issues - letter signed by COO Anuj Saxena. Subsequent follow up (with Sanjeev Bhalekar) has not elicited any response except apologies. This is so pathetic!
The funds belong to a senior citizen Mrs. Shubha Agaskar now aged 90 and in dire need of funds and it is utterly shameful that a company of this standing indulges in such petty acts as holding back maturity payments of rightful owners.
The concerned are requested to immediately issue payment to the F D holder with interest till date.
Any further details required can be had by writing to manisha.[protected]@gmail.com
Elder Pharmaceuticals customer support has been notified about the posted complaint.
The payment is yet not paid. Its been 11 years, how long is an old man to wait. Especially as I got these as part of my old age income. My name is Arun Sehgal, I bought elder pharma FD from Bajaj capital in year 2012. Last interest was in 2014 Jan. After that no interest or Principle has been paid.
Please assist,