Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger and Amalgamation) as approved by the Hon'ble National Company Law Tribunal, Division Bench – II, Chennai, TVS Holdings Limited (formerly known as Sundaram Clayton Ltd) has fixed Record Date for the purpose of determining the entitlement of the Shareholders of the Company, as per details given below: -
|
COMPANY NAME
CODE
|
RECORD DATE
|
PURPOSE
|
EX-ENTITLEMENT FROM
DATE &
SETT. NO.
|
|
TVS Holdings Limited
(520056)
|
24/08/2023
|
As per Scheme of Arrangement for Demerger as sanctioned by the Hon'ble National Company Law Tribunal, Division Bench – II, Chennai, between: TVS Holdings Limited, (Demerged Company) and Sundaram Clayton DCD limited (Resulting Company), and their Respective Shareholders and Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer and vesting of the Demerged Undertaking being the entire Manufacturing business of TVS Holdings Limited (Demerged Company) INTO Sundaram Clayton DCD limited(Resulting Company);
Sundaram Clayton DCD limited shall issue and allot Equity Shares to the Shareholders of TVS Holdings Limited in the following proportion:-
“1 (One) Fully Paid-Up Equity Share of Rs.5/- each of Sundaram Clayton DCD limited to be credited as Fully Paid-Up for every 1 (One) Equity Share of Rs.5/- each held in TVS Holdings Limited ”
|
24/08/2023
DR-599/2023-2024
|
Note:
(1) Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 2, 2010, Trading members are hereby informed that the trading in the Equity Shares of the aforesaid Company shall be transferred from ‘A’ group to ‘T’ group w.e.f. 24th August, 2023; AND
(2) 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 (Special Pre- open Session (SPOS)) on 24th August, 2023. For further information on SPOS, the trading members are requested to refer to the Exchanges notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session
Subject to compliance with requisite formalities, the Equit Shares of the Resulting Company i.e. Sundaram Clayton DCD limited will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
August 22, 2023
|