Trading Members of the Exchange are hereby informed that effective from Wednesday, February 14, 2024, the equity shares of Signpost India Limited shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. Further in terms of SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012. The Scrip will be in Trade-for-Trade segment for 10 trading days.
Members are requested to note that the above security will be a part of special pre-open session for IPO and Other category of scrip’s as per SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012.
For further information on SPOS, the trading members are requested to refer to the Exchange’s notice no. 20120216-29 on Enabling Special Pre-open Session for IPO’s & Relisted Scrips. For any clarification on SPOS, the trading members may please contact the Helpdesk on 022-6136 3100 / 6136 3171.
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Name of the Company
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Signpost India Limited
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Registered Office
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202, Pressman House, 70A Nehru Road, Near Santakruz Airport Terminal, Vile Parle (E), Mumbai- 400099
Telephone: 022-61992400
E-mail ID: info@signpostindia.com
Website: www.signpostindia.com
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Company Secretary & Compliance Officer
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Ms. Paulami Mukherjee
Telephone: 022-61992400
E-mail ID: cs@signpostindia.com
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Securities
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5,34,50,000 Equity shares of Rs. 2/- each allotted pursuant to Scheme of Arrangement
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Distinctive numbers
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1 - 53450000
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Scrip Code
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544117
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Group
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T
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Market Lot
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1
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Face Value & Paid up value
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Rs. 2/- each fully paid
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Scrip ID on BOLT System
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SIGNPOST
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Abbreviated name on BOLT
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SIGNPOST
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ISIN No.
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INE0KGZ01021
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Lock-in
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Distinctive numbers
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Quantity
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Lock in upto
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As per Annexure I
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1. The brief particulars of the Scheme of Arrangement are as mentioned below:
a) The Scheme of Arrangement filed by the Company was approved by NCLT Mumbai Bench and Kolkata Bench vide their Order dated 22.06.2023 and 01.09.2023 respectively.
b) Appointed Date: 01.04.2022
c) Effective date: 12.09.2023
d) Date of Allotment: 26.09.2023
e) The Scheme comprises of the following:
i. Reduction of equity share capital of Signpost India Limited from Rs. 16,20,83,090/- consisting 8,10,41,545 shares of Rs. 2/- each to Rs. 5,99,34,314/- consisting of 2,99,67,157 shares of Rs. 2/- each by issuing 32,50,000 unlisted, unsecured, non-convertible, redeemable debentures (NCDs) of Face Value Rs. 100/- each aggregating to Rs. 32,50,00,000/-, redeemable at the completion of one year from the date of allotment at a premium of Rs.10/- per NCD. The NCDs are allotted to the shareholders of Signpost India Limited in the same ratio as their existing shareholding.
ii. Pursuant to the merger of Pressman Advertising Limited with Signpost India Limited pursuant to the Scheme of Arrangement between Pressman Advertising Limited (Transferor Company) and Signpost India Limited (Transferee Company) and their respective shareholders and creditors under section 230-232 and other applicable provisions of the Companies Act, 2013, sanctioned by NCLT Mumbai Bench and Kolkata Bench; whereby upon coming into effect of the scheme and in consideration of;
For the merger of Pressman Advertising Limited with Signpost India Limited, Signpost India Limited issued and allotted Equity Shares to the shareholders of Pressman Advertising Limited in the following proportion:
“1 (One) Fully Paid-up Equity Shares of Rs. 2/- each of Signpost India Limited were issued and allotted for every 1 (One) Fully Paid-Up Equity Shares of Rs.2/- each held in Pressman Advertising Limited.”
Prior to the Scheme and prior to the reduction of equity capital, the paid up equity share capital of Signpost India Limited was Rs. 16,20,83,090/- consisting of 8,10,41,545 equity shares of Face Value of Rs.2/- each and post reduction of equity capital, the paid up equity share capital of Signpost India Limited was Rs. 5,99,34,314/- consisting of 2,99,67,157 equity shares of Face Value of Rs.2/- each.
Pursuant to the Scheme of Merger of Pressman Advertising Limited with Signpost India Limited, 2,34,82,843 shares were allotted as per the afore-mentioned Exchange ratio and the issued, subscribed and paid-up equity capital of Signpost India Limited, post Arrangement is Rs. 10,69,00,000/- consisting of 5,34,50,000 equity shares of face Value of Rs. 2/- each fully paid.
iii. As per the requirements of SEBI and undertaking submitted by Signpost India Limited,Mr Navin Chand Suchanti, one of the promoters of Signpost India Limited shall divest the excess of 1,365 equity shares in the open market within five trading days of receipt of the listing approval of the shares.
2. As per Exchange Notice No. 20230915-50 dated 15.09.2023, Pressman Advertising Limited had fixed Record date as 22.09.2023 for giving effect to the Scheme of Arrangement.
3. The Information Memorandum containing all the information about the company can be viewed at https://www.bseindia.com/corporates/soa.aspx
4. The name and address of the registrar and share transfer agent of the company is as mentioned below:
Kfin Technologies Limited
Selenium Building, Tower-B,
Plot No. 31 & 32, Financial District,
Nanakramguda, Serilingampally
Mandal, Hyderabad, Telengana –
500032
Ph. No : 1800 309 4001
E-mail ID: einward.ris@kfintech.com
Website: www.kfintech.com
5. The shareholding pattern of the Company post Scheme of Arrangement is enclosed as Annexure-II
Manu Thomas
Additional General Manager
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