| Scheme of Arrangement (Demerger) of Chandni textiles Engineering Industries Limited |
Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon’ble National Company Law Tribunal, Mumbai Bench, Chandni textiles Engineering Industries Limited., has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below:
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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EX-ENTITLEMENT FROM
DATE &
SETT. NO.
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Chandni textiles Engineering Industries Limited.
(522292)
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20/08/2018
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As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench, between, Chandni textiles Engineering Industries Limited and Chandni Machines Ltd. (Resulting Company) And Their Respective Shareholders And Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Engineering Division (Demerged Undertaking) into Chandni Machines Ltd. pursuant to this Scheme :
Chandni Machines Ltd. shall issue and allot equity shares at par on a proportionate basis to the shareholders of Chandni textiles Engineering Industries Limited in the following proportion :
“1 (ONE) fully paid up equity share of Chandni Machines Ltd. shall be issued and allotted for every 5 (Five) fully paid up equity share held in Chandni textiles Engineering Industries Limited.”
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16/08/2018
DR-099/2018-2019
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Note:
Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from ‘X’ group to ‘XT’ group w.e.f. August 16, 2018 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on August 16, 2018.
Subject to compliance with requisite formalities the shares of resulting company Chandni Machines Ltd. will be listed on BSE Limited.
Mangesh Tayde
Senior Manager –Listing Operations (CRD)
August 9, 2018
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