| Scheme of Arrangement (Demerger) of Greenply Industries Ltd (Scrip Code 526797) |
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, Guwahati Bench (NCLT), Greenply Industries Ltd 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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Greenply Industries Ltd (526797)
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15/07/2019
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As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Guwahati Bench (NCLT), between, Greenply Industries Ltd (Transferor Company) and Greenpanel Industries Limited and Their Respective Shareholders And Creditors: -
Upon coming into effect of the aforesaid Scheme and in consideration of the demerger of entire activities, operation ,business division and undertaking of Greenply Industries Ltd into Greenpanel Industries Limited,
Greenpanel Industries Limited shall issue and allot equity to the shareholders of Greenply Industries Ltd. in the following proportion:
“1 fully paid up equity share of Re. 1/- each fully paid up of Greenpanel Industries Limited shall be issued and allotted for every 1 fully paid up equity shares of Rs. 1/- each fully paid up held in Greenply Industries Ltd
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12/07/2019
DR-072/2019-2020
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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. July 12, 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 July 12, 2019.
Subject to compliance with requisite formalities the shares of Resulting company i.e. Greenpanel Industries Limited will be listed on BSE Limited.
Mangesh Tayde
AGM –Listing Operations (CRD)
July 5, 2019
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