Trading Members of the Exchange are hereby informed that effective from Wednesday, September 12, 2018, the equity shares of Monnet Ispat & Energy Ltd shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. Further in terms of SEBI circular No.CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in Trade-for-Trade segment for 10 trading days.
Members are requested to note that, the above security will be a part of special pre-open session for IPO and Other category of scrips as per SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012.
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Name of the Company
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Monnet Ispat & Energy Ltd.
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Registered Office
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Monnet Marg, Mandir Hasaud,
Raipur, Chhattisgarh- 492101
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Securities
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120527534 fully paid up equity shares of Rs. 10/- each
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Distinctive numbers
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1 to 120527534
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Scrip Code
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513446
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Group
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T
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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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MONNETISPA
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Abbreviated name on BOLT System
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MONNETISPA
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ISIN No.
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INE743C01021
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Lock-in details
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Refer Annexure I
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1. The brief particulars of the scheme of reduction in capital are as mentioned below:
a) The Resolution Plan involving Reduction of Capital of the Company was approved by Hon’ble National Company Law Tribunal, Mumbai bench vide order dated 24/07/2018 under provisions of Insolvency & Bankruptcy Code, 2016.
b) As per the Resolution Plan, the paid up and subscribed equity share capital of the Company held by Non-Promoter shareholders will be reduced on a proportionate basis to 33.06% of its original value without any payout i.e. one equity share of the Company of Rs. 10/- each will be reduced to Rs. 3.30/- each.
c) Thereafter, the equity shares with reduced face value of Rs. 3.30/- per equity share will be consolidated into equity shares of Rs. 10/- each. Accordingly, non-promoter shareholder of the Company holding 100 equity shares will be entitled to receive 33 equity shares of the Company upon the reduction and consolidation of the equity share capital of the Company. Further, there will be 100% extinguishment of equity share Capital held by the existing promoters of the Company.
2. As per Exchange Notice No. 20180823-9 dated August 23, 2018, the Company had fixed August 30, 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 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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Monnet Ispat & Energy Ltd.
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1 to 417868846
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Before Record date
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Bad
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2
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Monnet Ispat & Energy Ltd.
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1 to 120527534
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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 |