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Notices
Notice No20181114-20Notice Date14 Nov 2018
CategoryCorporate ActionsSegmentEquity
SubjectScheme of Arrangement (Demerger) of Vikas EcoTech Limited.
Content

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, Vikas EcoTech 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.

Vikas EcoTech Limited.

(530961)

21/11/2018

 

 

As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, New Delhi Bench, between, Vikas EcoTech Limited and Vikas Multicorp Limited (Resulting Company) And Their Respective Shareholders And Creditors: -

 

Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Demerged Undertaking to Vikas Multicorp Limited pursuant to this Scheme :

 

Vikas Multicorp Limited shall issue and allot equity shares at par on a proportionate basis to the shareholders of Vikas EcoTech Limited in the following proportion :

 

“1 (ONE) fully paid up equity share of Vikas Multicorp Limited shall be issued and allotted for every 1 (ONE) fully paid up equity share held in Vikas EcoTech Limited.

19/11/2018

DR-160/2018-2019

 

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. November 19, 2018 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 November 19, 2018.

 

Subject to compliance with requisite formalities the shares of resulting company Vikas Multicorp Limited will be listed on BSE Limited.

 

 

Mangesh Tayde

Senior Manager –Listing Operations (CRD)

 

November 14, 2018