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| Exchange Received Time 04/09/2017 16:42:28 Exchange Disseminated Time 04/09/2017 16:42:36 Time Taken 00:00:08 | To arrive the eligible list of shareholders pursuant to the Scheme of Arrangement (for Demerger) entered between Shiva Texyarn Limited (Demerged Company) and Shiva Mills Limited (Resulting Company) as approved by the National Company Law Tribunal, Chennai Bench, 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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