| Scheme of Arrangement (Demerger) of HSIL Limited (Scrip Code 500187) |
Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon’ble National Company Law Tribunal, Kolkata (NCLT), HSIL Limited has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below:
|
COMPANY NAME
CODE
|
RECORD DATE
|
PURPOSE
|
EX-ENTITLEMENT FROM
DATE &
SETT. NO.
|
|
HSIL Limited (500187)
|
20/08/2019
|
As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Kolkata Bench (NCLT), between, HSIL Limited (Transferor Company) and Somany Home Innovation Limited (Transferee Company 1) & Brilloca Limited (Transferee Company 2) and Their Respective Shareholders And Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the a) demerger of the Consumer Products Distribution & Marketing Undertaking (“CPDM Undertaking”) & Retail Undertaking division of HSIL Limited into Somany Home Innovation Limited AND b) demerger of the BPDM Undertaking into Brilloca Limited, pursuant to this Scheme
Somany Home Innovation Limited shall issue and allot equity to the shareholders of HSIL Limited. in the following proportion:
“1 fully paid up equity share of Re. 2/- each fully paid up of Somany Home Innovation Limited shall be issued and allotted for every 1 fully paid up equity share of Re. 2/- each fully paid up held in HSIL Limited
|
19/08/2019
DR-096/2019-2020
|
Note:
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. August 19, 2019 and 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 on August 19, 2019.
Subject to compliance with requisite formalities the shares of Resulting company i.e. Somany Home Innovation Limited will be listed on BSE Limited.
Mangesh Tayde
Assistant General Manager –Listing Operations (CRD)
August 9, 2019
|