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| NOTICES |
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| Notice No. |
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20221227-37 |
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Notice Date |
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27 Dec 2022 |
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| Category |
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Corporate Actions |
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Segment |
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Equity |
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| Subject |
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Resolution Plan- Suspension due to Reduction of Equity Share Capital of Sical Logistics Ltd (Scrip Code: 520086) |
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| Attachments |
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Synopsis Sical Logistics.pdf ; |
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| Content |
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Trading members of the Exchange are hereby informed that, Sical Logistics Ltd., has fixed Record Date for the purpose of the Reduction of Share Capital as per the Resolution Plan approved vide Order passed by the Hon’ble National Company Law Tribunal, Chennai Bench :-
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COMPANY NAME &
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS FROM
DATE &
SETT. NO.
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Sical Logistics Ltd
(520086)
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29/12/2022
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As per the Resolution Plan approved by Hon’ble National Company Law Tribunal , Chennai Bench
REDUCTION OF PUBLIC SHAREHOLDING:
The share capital of the Company shall be reconstituted in such a manner that the share capital of the existing public shareholders of the Company shall get reduced/diluted/restructured/consolidated in a manner such that post Debt into Equity Conversion, the public shareholding is reduced/diluted/restructured/consolidated to 5% of the total paid-up share capital of the Company (“Capital Reduction”). Prior to the Effective Date, The Resoluton Applicant will propose a suitable structure to the Monitoring Committee for the aforesaid reduction and reconstitution of the share capital of the Company.
It is clarified that:
a)Upon prorata dilution/reduction/ consolidation of equity shares of the existing public shareholders, they shall have no claim of whatsoever nature against either the Resolution Applicant or the Company.
b. The Resolution Applicant does not propose any reduction of the authorized share capital of the Company.
EXTINGUISHMENT OF ENTIRE PROMOTER SHAREHOLDING :
Entire paid-up equity shares held by the Promoters/Promoter Group, shall stand fully extinguished and cancelled as part of the Resolution Plan on the Effective Date
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29/12/2022
DR-687/2022-2023
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The Synopsis of the proposed Corporate Action as submitted by Company is attached herewith.
Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
December 27, 2022
ENCL: Synopsis Sical logistics |
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