Alchemist ji i have a doubt regarding the same DIVIDEND issue again

Nakoda is a textile company listed in BSE only which declared a dividend of 25 paise per share. Yesterday i received a cheque for only 35% of the stock i held.

egg. for example if I hold 100 shares they sent dividend for 35 shares only

the cheque has the following columns.

1.client id
2. number of shares -------------------- [this column shows only 35% of my total holdings]
3.warrant number
4.dividend payable[total amount]

is this a mistake from their side or mine understanding.what should i do now.
i have checked my record book as well as trading account for the confirmation of my holdings.

thanks
ram

Nakoda financials : sales grown by 30% CAGR and profits grown by 40% CAGR from 6 crores profit in 2006 to 33 crores profit in 2010

current year net profit estimation above 40 crores

plan to hold for next 2 to 3 years

FY11 revenue up by 60% and Net Profit at Rs. 49 Crores.

But here is the bad news, they are again going to issue warrants in March which are convertible into 10 crores of equity share in number, which will halve the EPS for FY12. IF THEY ARE GOING TO DO THIS EVERY NOW AND THEN HOW CAN THE PRICE GO UP?

I THINK IF A COMPANY IS GOING TO DILUTE IT'S EQUITY BY ISSUING WARRANTS JUST SELL THAT AND NEVER LOOK BACK.

No plan to hold this for long time, looking for other opportunities to book loss here.

Alchemistjee, just want to reconfirm, if I don't want to subscribe to warrants [the topic I was not able to understand at all] I can sit idle by not subscribing to the notice then no warrants will be allotted to me am I correct?

You are right, but you should subscribe to the warrants if the conversion price is significantly below the market price.

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I sold this textile stock in LOSS, I don't like the heavy equity dilution which suppresses the EPS growth.

ramK