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| Exchange Received Time 25/10/2017 18:15:52 Exchange Disseminated Time 25/10/2017 18:15:54 Time Taken 00:00:02 | We wish to inform you that the Demerger and Allotment Committee of Directors in their Meeting held on 25.10.2017 have fixed the Record date as 6.11.2017 for the following purposes:
i. for allotment of shares in Shiva Mills Limited, (Formerly STYL Textile Ventures Limited) (Resulting Company), in the ratio of Two (2) equity share of Rs.10/- each for every Five (5) Equity share of Rs.10/- each held in Shiva Texyarn Limited (Demerged Company) as per Clause 9.1 of the above referred order.
ii. for pro-rata reduction of shareholding of the shareholders of Shiva Texyarn Limited resulting in Three (3) equity shares of Rs.10/- each held by them in Shiva Texyarn Limited (Demerged Company) in terms of Clause 9.3 of the above referred order.
Kindly take on record of the above.
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