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NOTICES
Notice No.   20230306-50   Notice Date   06 Mar 2023
Category   Corporate Actions   Segment   Equity
Subject   Amalgamation of Jindal Stainless (Hisar) Limited (Scrip Code: 539597).
 
Content

Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation between Jindal Stainless Limited (“Transferee Company”) and Jindal Stainless (Hisar) Limited (“Transferor Company”) and Others, as sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench. Jindal Stainless (Hisar) Limited  has informed the Record Date fixed to determine the entitlement of shareholders of Jindal Stainless (Hisar) Limited  to the Equity Shares of Jindal Stainless Limited.

Trading Members are advised not to deal in the Equity Shares of Jindal Stainless (Hisar) Limited  with effect from the under mentioned date:-

COMPANY NAME 

CODE

RECORD DATE

PURPOSE

NO DEALINGS

FROM

W.E.F.

Jindal Stainless (Hisar) Limited  (539597)

09/03/2023

As per the Scheme of Amalgamation sanctioned by the Hon’ble NCLT, Chandigarh Bench: -

Upon the Scheme becoming effective and in consideration of the Amalgamation of Jindal Stainless (Hisar) Limited  Into Jindal Stainless Limited;

Jindal Stainless Limited shall issue and allot Equity Shares to the shareholders of Jindal Stainless (Hisar) Limited in the following share exchange ratio:-

“195 (One Hundred Ninety Five) fully Paid-Up Equity Shares of Jindal Stainless Limited having a Face Value of Rs.2/-  each to be issued as fully paid-up, for every 100 (Hundred) fully Paid-Up Equity Shares held by shareholder of  Jindal Stainless (Hisar) Limited having a Face Value Rs.2/- each (“Share Exchange Ratio”).”

09/03/2023

DR-735/2022-2023

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

 

Marian Dsouza

Senior Manager – Listing Operations (CRD)

6th March, 2023