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Notices
Notice No20180313-50Notice Date13 Mar 2018
CategoryCorporate ActionsSegmentEquity
SubjectScheme of Arrangement of Sybly Industries Limited.
Content

 

Trading Members of the Exchange are hereby informed that, Sybly Industries Limited. (SIL) has fixed the Record Date for the purpose of determining entitlement to the shareholders of the company pursuant to the Scheme of Arrangement of the company.

Trading members are advised not to deal in the equity shares of the company with effect from the under mentioned date.

 

COMPANY NAME

CODE

RECORD DATE

PURPOSE

NO DEALINGS FROM

DATE & SETT.NO.

Sybly Industries Limited.

(531499)

23/03/2018

 

Composite Scheme of Arrangement: -

 

Upon the Scheme becoming effective and In consideration of the Demerger of SIL “Demerged Undertaking” from SIL and transfer and vesting of the same to Space Incubatrics Technologies Limited (SITL); SITL shall issue and allot in the ratio of 85 (Eighty Five) equity shares of Re.10/- fully paid up of SITL for every 100 (Hundred) Equity Shares of Rs.10/- each fully paid up of SIL.

 

And

 

Reorganization of Capital of Sybly Industries Limited. 

 

The issued and paid up equity share capital of SIL shall be reduced in such a manner that the shareholder holding 100 (One hundred) equity shares of Rs. 10/- each fully paid up in the equity share capital of SIL shall be deemed to have held 15 (Fifteen) Equity shares of Rs. 10/- each fully paid in the equity share capital of SIL.

22/03/2018

DR-244/2017- 2018

 

Trading Members of the Exchange are requested to take note of it.

 

 

 

Mangesh Tayde

Senior Manager –Listing Operations (CRD)

Contact No. 2272 8846

March 13, 2018