| Listing of Equity Shares of Ellora Paper Mills Ltd. |
Trading members of the Exchange are hereby informed that the under mentioned securities of Ellora Paper Mills Ltd. (Scrip Code:502374) are listed on the Exchange with effect from Friday, May 31, 2019.
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Name of the Company
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Ellora Paper Mills Ltd
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Registered Office
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379, Ashoka Vault Building, Pt. Jawaharlal Nehru Marg, Sita Buldi , Nagpur, Maharashtra, 440012.
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Securities
a) Equity Shares on Reduction
b) Issue of new shares to Promoters on preferential basis pursuant to NCLT Order under Insolvency & Bankruptcy Code, 2016 involving 100% Reduction of existing Equity Capital of Company and Fresh Issue of Equity Shares to Promoters by Company.
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Pursuant to 100% reduction entire existing 20,00,000 fully paid up equity shares of Rs. 10/- each will be extinguished.
20,00,000 fully paid up equity shares of Rs.10/- each.
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Distinctive numbers
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FROM
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TO
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Reduction (for extinguished 20,00,000 equity shares)
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1
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20,00,000
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New issue of shares
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1
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20,00,000
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Scrip Code
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502374
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Group
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XT
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Market Lot
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1
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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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ELLOPAP
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Abbreviated name on BOLT System
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ELLORA PAPER
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ISIN No.
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INE384H01023
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Lock-in details
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No. of Shares
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Distinctive Numbers
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Lock in date
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20,00,000
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1 to 20,00,000
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30/06/2020
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Trading members may note that the trading in the equity shares of the aforesaid company; Ellora Paper Mills 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 Resolution Plan pursuant to NCLT Order under Insolvency & Bankruptcy Code, 2016 are as mentioned below:
a) The Resolution Plan involves 100% Reduction of existing Equity Capital of Company and Fresh Issue of Equity Shares to Promoters of the Company which was approved by Hon’ble National Company Law Tribunal, Mumbai Bench vide order dated 26.06.2018.
b) As per the Resolution Plan, the entire paid up capital of the company of Rs 2,00,00,000 of Rs 10/- each shall be reduced to Nil. Further, new 20,00,000 shares of Rs 10/- each will be issued to the Promoters on preferential basis by the Company
The issued, subscribed and paid-up equity capital of the company post preferential allotment is Rs 2,00,00,00/- consisting of 20,00,000 equity shares of Rs.10/- each.
2. As per Exchange Notice No. 20180806-20 dated August 6, 2018, the company had fixed August 10, 2018 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 not issue new certificates since entire capital will extinguish post reduction. 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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Ellora Paper Mills Ltd
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1 – 20,00,000
(face value = Rs.10/-each)
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Before Record date
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Bad
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2
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Ellora Paper Mills Ltd
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1 –20,00,000
(face value = Rs.10/-each)
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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
Senior Manager |