| Reduction of Share Capital of Southern Online Bio Technologies Ltd. (Scrip Code 532669) as per Insolvency & Bankruptcy Code 2016 |
Trading members of the Exchange are hereby informed that, Southern Online Bio Technologies Ltd. has fixed the Record Date for the purpose of the reduction of share capital of the Company as per the Order passed by the Hon’ble National Company Law Tribunal, Hyderabad Bench under provisions of Insolvency and Bankruptcy Code 2016:
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COMPANY NAME &
CODE
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RECORD DATE
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PURPOSE
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Southern Online Bio Technologies Ltd.
(532669)
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12/12/2020
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As per the Order passed by Hon’ble NCLT under provision of Insolvency & Bankruptcy Code 2016
Reduction of Share Capital:
Pursuant of the Hon'ble NCLT Order dated November 26, 2019 in IA No. 1038/2019 in CP(IB) No. 343/7/HDB/2018, under clause 2 (e, f), 3, 19, 20, all the existing shares of 5,89,93,288 of Rs. 10/- each of the Company shall be extinguished and such existing shareholders will not be entitled to any shares of the Company and they may approach the then liquidator of the Company for making claims from liquidation proceeds u/s 53 of the Code.
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Trading members are requested to note that the equity shares of the company are currently suspended from trading.
Mangesh Tayde
Assistant General Manager –Listing Operations (CRD)
December 04, 2020 |