Notices
Notice No20230403-51Notice Date03 Apr 2023
CategoryCorporate ActionsSegmentEquity
SubjectScheme of Arrangement (Demerger) of GHCL Ltd. (Scrip Code 500171)
Content

Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (for Demerger) as  approved by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, GHCL Ltd. (the Demerged Company)  has fixed  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.

GHCL Ltd.

(500171)

08/04/2023

 

 

As per Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench - 2, between, GHCL Ltd. (Demerged Company) and  GHCL Textiles Limited (Resulting Company), and their Respective Shareholders and Creditors: -

 

 

Upon the coming into effect of the Scheme of Demerger and in consideration of the transfer of the Spinning Division of  GHCL Ltd. (Demerged Company)  INTO  GHCL Textiles Limited  (Resulting Company);

 

 

GHCL Textiles Limited  shall issue and allot Equity Shares to the shareholders of GHCL Ltd. in the following proportion:-

 

 

“1 (One) fully paid-up Equity Share of Rs.2/- each of GHCL Textiles Limited  shall be issued and alloted for every 1 (One) fully paid-up Equity Share of Rs.10/- each  held in GHCL Ltd.”

06/04/2023

DR-504/2023-2024

 

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 ‘A’ group to ‘T’ group w.e.f. 6th April, 2023,  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 6th April, 2023.

 

 

Subject to compliance with requisite formalities, the shares of Resulting Company i.e., GHCL Textiles Limited  will be listed on BSE Limited.

 

 

 

Marian Dsouza

Senior Manager –Listing Operations (CRD)

April 03, 2023