| Listing of Equity Shares of Modern Terry Towels Ltd. |
Trading members of the Exchange are hereby informed that the under mentioned securities of Modern Terry Towels Ltd. (Scrip Code: 500283) are listed on the Exchange with effect from Friday, September 28, 2018.
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Name of the Company
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Modern Terry Towels Ltd.
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Registered Office
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A-4, Vijay Path, Tilak Nagar,
Jaipur, Rajasthan- 302004
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Securities
New Equity Shares on Reduction:-
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2,18,50,600 fully paid up equity shares of Rs. 10/- each
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Distinctive numbers
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1 to 2,18,50,600
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Scrip Code
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500283
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Group
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P
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Market Lot
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100
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Face Value & Paid up value
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Rs. 10/- each fully paid up
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Scrip ID on BOLT System
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MDTERYT-B
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Abbreviated name on BOLT System
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MODERN TERRY
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ISIN No.
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-
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Trading members may note that the trading in the equity shares of the aforesaid company; Modern Terry Towels Ltd. is currently suspended. Thus the trading in the aforesaid equity shares would commence on revocation of suspension in the scrip.
1. The brief particulars of the scheme of reduction in capital are as mentioned below:
(a) The Scheme involving Reduction of Capital of the Company was approved by Hon’ble Board for Industrial and Financial Reconstruction (BIFR) vide its order dated July 28, 2016.
(b) As per the Scheme, the issued, subscribed and paid-up equity capital of the company stand reduced from Rs. 54,62,65,000 consisting of 5,46,26,500 equity shares of face value of Rs.10/- each to Rs. 21,85,06,000 consisting of 2,18,50,600 equity shares of Rs.10/- each by way of reduction of share capital by 60%. The reduction was affected by reducing the face value per shares from Rs.10/- to Rs.4/- and thereafter every 2.5 equity shares of Rs.4/- has been consolidated into 1 equity share of Rs 10/- each.
2. The Company had fixed September 1, 2016 as record date for giving effect to the reduction of share capital.
3. Trading members of the Exchange may also note that in respect of shares held in physical form, the company will issue new certificates. The old certificates shall stand cancelled.
4. Trading members of the Exchange are informed that the Equity Share certificates in Physical form bearing the under mentioned distinctive numbers of the company as stated alongside shall be good/bad delivery in the market.
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Sr. No.
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Name of the company appearing on the share certificate
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Distinctive Numbers
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Date of Issue
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Good/Bad
Delivery
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1
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Modern Terry Towels Ltd.
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1 to 5,46,26,500
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Before Record date
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Bad
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2
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Modern Terry Towels Ltd.
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1 to 2,18,50,600
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After Record date
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Good
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Hence, trading members should take due care and abundant caution while dealing/receiving/delivering these shares of the company from/to the market.
Nitinkumar Pujari
Sr. Manager
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