| Scheme of Arrangement (Demerger) of DCM Limited (Scrip Code 502820) |
Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon’ble National Company Law Tribunal, New Delhi Bench (NCLT), DCM Limited has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below:
|
COMPANY NAME
CODE
|
RECORD DATE
|
PURPOSE
|
EX-ENTITLEMENT FROM
DATE &
SETT. NO.
|
|
DCM Limited (502820)
|
31/05/2019
|
As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, New Delhi Bench (NCLT), between, DCM Limited, DCM Nouvelle Limited and Their Respective Shareholders And Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Cotton Textile business undertaking into DCM Nouvelle Limited
DCM Nouvelle Limited shall issue and allot equity shares at par on a proportionate basis to the shareholders of DCM Limited in the following proportion.
“1 fully paid up equity share of Rs. 10/- each fully paid up of DCM Nouvelle Limited, for every 1 (One ) equity share of Rs. 10/- each, fully paid up held in the DCM Limited.
|
30/05/2019
DR-042/2019-2020
|
Note:
Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from ‘B’ group to ‘T’ group w.e.f. May 30,2019 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on May 30, 2019.
Subject to compliance with requisite formalities the shares of Resulting companies i.e. DCM Nouvelle Limited shall be listed on BSE Ltd.
Mangesh Tayde
Senior Manager –Listing Operations (CRD)
May 23, 2019 |