| Scheme of Arrangement (Demerger) of Aarti Industries Limited (Scrip Code 524208) |
Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger) approved by the Hon’ble National Company Law Tribunal Ahmedabad bench, Aarti Industries Limited has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below:
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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EX-ENTITLEMENT FROM
DATE &
SETT. NO.
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Aarti Industries Limited .
(524208)
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04/07/2019
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As per Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal Ahmedabad bench, between, Aarti Industries Limited and Arti Surfactants Limited and Nascent Chemical Industries Limited And Their Respective Shareholders And Creditors: -
Upon the Scheme becoming effective, Arti Surfactants Limited shall issue either equity shares or Redeemable Preference Shares in the proportion set out below:
“1 fully paid up equity share of Arti Surfactants Limited shall be issued and allotted for every 10 fully paid up equity shares held in Aarti Industries Limited .”
OR
“1 fully paid up Redeemable Preference Share of Arti Surfactants Limited shall be issued and allotted for every 10 fully paid up equity shares held in Aarti Industries Limited .
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03/07/2019
DR-065/2019-2020
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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. July 03, 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 July 03, 2019.
Subject to compliance with requisite formalities the shares of resulting company Arti Surfactants Limited will be listed on BSE Limited.
Mangesh Tayde
Senior Manager –Listing Operations (CRD)
June 28, 2019
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