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NOTICES
Notice No.   20191022-43   Notice Date   22 Oct 2019
Category   Corporate Actions   Segment   Equity
Subject   Reduction of Share Capital & suspension of trading in equity shares of Shree Precoated Steels Limited (Scrip Code: 533110)
 
Content

Trading members of the Exchange are hereby informed that, Shree Precoated Steels Limited has fixed the Record Date for the purpose of suspension of trading due to reduction of Share Capital of the company as approved by the Hon’ble National Company Law Tribunal (NCLT) at Mumbai bench.

 

COMPANY NAME  &

CODE

RECORD DATE

PURPOSE

NO DEALINGS  FROM

DATE &

SETT. NO.

 

Shree Precoated Steels Limited (533110)

 

31/10/2019

 

As approved by Hon’ble NCLT, Mumbai Bench vide order dated October 16, 2019

Reduction of Share Capital:

 

Upon the coming into effect of the scheme, the subscribed, issued and paid-up capital shall stand reduced or otherwise altered from Rs. 82,79,80,420/- divided into 8,27,98,042 equity share of Rs.10/- each to Rs. 4,13,99,020 divided into 8,27,98,042 equity shares of Rs. 0.50/- each whereby 95% of existing share capital of Rs. 82,79,80,420/- accounting to Rs. 78,65,81,400/- is extinguished & cancelled.

 

As an integral part of the scheme 20 (twenty) such equity shares of Re.0.5/- are consolidated into 1 (One) equity share of Rs. 10/- each so as to make up paid up capital of Rs.4,13,99,020 divided into 41,39,902 equity shares of Rs.10/- each.

30/10/2019

DR- 143/2019-2020

 

Trading Members of the Exchange are requested to take note of it.

 

Mangesh Tayde

Assistant General Manager –Listing Operations (CRD)

October 22, 2019