Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, Kolkata Bench, ROSSELL INDIA 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: -
|
COMPANY NAME
CODE
|
RECORD DATE
|
PURPOSE
|
EX-ENTITLEMENT FROM
DATE &
SETT. NO.
|
|
ROSSELL INDIA LTD
(533168 )
|
20/09/2024
|
As per the Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Kolkata Bench, between, ROSSELL INDIA LTD (the Demerged Company) and Rossell Techsys Limited (the Resulting Company) and their Respective Shareholders and Creditors;
The Scheme provides for Demerger of the Aerospace and Defense business viz. Rossell Techsys Division Undertaking of ROSSELL INDIA LTD, (Demerged Company) INTO ROSSELL TECHSYS LTD (Resulting Company);
Upon the Scheme becoming effective and In consideration of the Demerger of Rossell Techsys Division Undertaking, ROSSELL TECHSYS LTD shall issue and allot Equity Shares to the shareholders of ROSSELL INDIA LTD in the following proportion:-
ONE [1] Fully Paid-Up Equity Share of the Face Value of Rs 2/- each (Indian Rupees Two each) of ROSSELL TECHSYS LTD shall be issued and allotted to the Shareholders of ROSSELL INDIA LTD for every ONE [1] Fully Paid-Up Equity Share of Rs.2/- each (Indian Rupees Two each) held in ROSSELL INDIA LTD”
|
20/09/2024
DR-720/2024-2025
|
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 ‘B’ group to ‘T’ group w.e.f. 20th September, 2024, 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 20th September, 2024. 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. ROSSELL TECHSYS LTD will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
September 18, 2024 |