Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement for Demerger, as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, BOROSIL LTD, has fixed Record Date for the purpose of Demerger and for determining the entitlement of the shareholders of the Company, as per details given below: -
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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EX-ENTITLEMENT FROM
DATE &
SETT. NO.
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BOROSIL LTD.
(543212)
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05/12/2023
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As per Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, inter alia, between, BOROSIL LTD., (Demerged Company) AND Klass Pack Limited (Resulting Company) AND Borosil Technologies Ltd AND Their Respective Shareholders and Creditors;
Demerger of Scientific & Industrial product business :
Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer and vesting of the Demerged Undertaking being the Scientific & Industrial product business of BOROSIL LTD., INTO Klass Pack Limited (proposed to be renamed as Borosil Scientific Limited);
Klass Pack Limited shall issue and allot Equity Shares to the eligible Shareholders of BOROSIL LTD. in the following proportion:-
“3 (Three) Fully paid-up Equity Shares of Re.1/- each of Klass Pack Limited shall be issued and alloted for every 4 (Four) Fully paid-up Equity Shares of Re.1/- each held in BOROSIL LTD.”
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05/12/2023
DR-668/2023-2024
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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. 05th December, 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 5th December, 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 Equity Shares of the Resulting Company i.e. Klass Pack Limited will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
November 29, 2023
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