| Scheme of Arrangement (Demerger) of KPIT Technologies Limited. |
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, Mumbai Bench, KPIT Technologies Limited has fixed the Record Date for the purpose of determining 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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KPIT Technologies Limited.
(532400)
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25/01/2019
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As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench, between KPIT Technologies Limited, ,KPIT Engineering limited, Birlasoft (India) Limited and their respective shareholders: -
A) Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer and vesting of the Engineering business from KPIT Technologies Limited Into KPIT Engineering Limited, KPIT Engineering Limited shall issue and allot “1 (One) fully paid up equity share of Rs. 10/- of KPIT Engineering Limited for every (One) fully paid up equity share of Rs.2 held in KPIT Technologies Limited.”
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24/01/2019
DR-206/2018-2019
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Note:
Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be a part of Call Auction in Pre-open Session on January 24, 2019.
Subject to compliance with requisite formalities the shares of resulting company KPIT Engineering Limited will be listed on BSE Limited.
Mangesh Tayde
Senior Manager –Listing Operations (CRD)
January 21, 2019 |