|
|
|
|
  |
| NOTICES |
|
| Notice No. |
|
20230808-53 |
|
Notice Date |
|
08 Aug 2023 |
|
| Category |
|
Corporate Actions |
|
Segment |
|
Equity |
|
| Subject |
|
Amalgamation of Max Ventures and Industries Limited (Scrip Code: 539940). |
|
|
|
|
|
| Content |
|
|
Trading members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Amalgamation and Arrangement between MAX VENTURES AND INDUSTRIES LIMITED (“Transferor Company”) and MAX ESTATES LIMITED (“Transferee Company”), as approved by the Hon’ble National Company Law Tribunal, Chandigarh Bench. MAX VENTURES AND INDUSTRIES LIMITED, has informed the Record Date fixed to determine the entitlement of shareholders of MAX VENTURES AND INDUSTRIES LIMITED to Equity Shares of MAX ESTATES LIMITED.
Trading Members are advised not to deal in the Equity Shares of MAX VENTURES AND INDUSTRIES LIMITED with effect from the under mentioned date:-
|
COMPANY NAME
CODE
|
RECORD DATE
|
PURPOSE
|
NO DEALINGS
FROM
W.E.F.
|
|
MAX VENTURES AND INDUSTRIES LIMITED
(539940)
|
11/08/2023
|
As per the Composite Scheme of Arrangement and Amalgamation: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of MAX VENTURES AND INDUSTRIES LIMITED INTO MAX ESTATES LIMITED;
MAX ESTATES LIMITED shall issue and allot Equity Shares to the shareholders of MAX VENTURES AND INDUSTRIES LIMITED in the following Share Exchange ratio:
“1 (One) Equity share of MAX ESTATES LIMITED having a face value of Rs.10/- each to be issued as fully paid-up, for every 1 (One) fully paid up Equity Share of Rs.10/- held by shareholder of MAX VENTURES AND INDUSTRIES LIMITED (“Share Exchange Ratio”).”
|
11/08/2023
DR-591/2023-2024
|
Subject to compliance with requisite formalities, the shares of Transferee Company i.e. Max Estates Limited will be listed on BSE Limited.
Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Senior Manager – Listing Operations (CRD)
August 08, 2023
|
|