| Resolution Plan - Reduction of Share Capital & suspension of trading in equity shares of Amit Spinning Industries Ltd. (Scrip Code 521076). |
Trading members of the Exchange are hereby informed that, Amit Spinning Industries Ltd. has fixed the Record Date for the purpose of suspension of trading due to reduction of Share Capital of the company as per the resolution plan approved by the Hon’ble National Company Law Tribunal at Mumbai.
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COMPANY NAME &
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS FROM
DATE &
SETT. NO.
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Amit Spinning Industries Ltd. (521076)
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15/02/2019
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As per the Resolution Plan approved by Hon’ble NCLT and under provision of Insolvency & Bankruptcy Code 2016
Reduction of Share Capital:
“As per the Resolution Plan, The face value of existing equity shares of Rs.5 per share will be reduced to Rs.0.50 per share with number of shares remaining the same. This would result in issued paid up capital of 4,11,69,667 equity shares of Rs. 0.50/- each.
Further the face value of shares will be consolidated to Rs.5 per share and the number of shares will reduce due to said process from 4,11,69,667 to 41,16,967.
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14/02/2019
DR- 221/2018-2019
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Trading Members of the Exchange are requested to take note of it.
Mangesh Tayde
Senior Manager –Listing Operations (CRD)
February 07, 2019 |