| Amalgamation of Meghmani Organics Limited (Scrip Code: 532865). |
Trading members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Amalgamation) between Meghmani Organics Limited (“Transferor Company”) and Meghmani Finechem Limited (“Transferee Company”) & Meghmani Organochem Limited (“Resulting Company”) , as sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad, Meghmani Organics Limited, has fixed Record Date to determine the entitlement of its shareholders to the equity shares of Meghmani Finechem Limited & Meghmani Organochem Limited, details of which are given below:
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS
FROM
W.E.F.
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Meghmani Organics Limited (532865)
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19/05/2021
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As per Composite Scheme of Arrangement (Amalgamation): -
Upon the Scheme becoming effective and in consideration of the Demerger of Agrochemical and Pigment Undertaking of Meghmani Organics Limited and Meghmani Organochem Limited.
Meghmani Organochem Limited shall issue and allot Equity Shares to the shareholders of Meghmani Organics Limited in the following share exchange ratio:
“1 (One) equity share of Meghmani Organochem Limited having a face value of Re. 1 each to be issued as fully paid-up, for every 1 (One) fully paid up equity share held by shareholder of Meghmani Organics Limited having a face value of Re. 1/- each (“Share Exchange Ratio”).”
AND
Upon the Scheme becoming effective and in consideration of the Amalgamation of Meghmani Organics Limited into Meghmani Finechem Limited.
Meghmani Finechem Limited shall issue and allot Equity Shares to the shareholders of Meghmani Organics Limited in the following share exchange ratio:
“94 (Ninety four) equity shares of Meghmani Finechem Limited having a face value of Rs. 10 each to be issued as fully paid-up, for every 1000 (One Thousand) fully paid up equity shares held by shareholder of Meghmani Organics Limited having a face value of Re. 1/- each (“Share Exchange Ratio”).”
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18/05/2021
DR-032/2021-2022
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Trading Members of the Exchange are advised not to deal in the equity shares of Meghmani Organcis Ltd with effect from the abovementioned Date.
Mangesh Tayde
Assistant General Manager – Listing Operations (CRD)
May 12, 2021 |