Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, ISHWARSHAKTI HOLDINGS & TRADERS LTD, has fixed Record Date for the purpose of Demerger and for determining the 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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ISHWARSHAKTI HOLDINGS & TRADERS LTD
(506161)
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18/09/2024
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As per Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, between, ISHWARSHAKTI HOLDINGS & TRADERS LTD (the Demerged Company No. 2) and Sekasaria Finance Ltd(the Resulting Company No.2) and their Respective Shareholders and Creditors;
The Scheme provides for Demerger of the Sugar business of ISHWARSHAKTI HOLDINGS & TRADERS LTD, (Demerged Company No.2) INTO Sekasaria Finance Ltd (Resulting Company No.2)
Upon the Scheme becoming effective and In consideration of the Demerger, Sekasaria Finance Ltd shall issue and allot Equity Shares to the shareholders of ISHWARSHAKTI HOLDINGS & TRADERS LTD in the following proportion:-
"7 {Seyen) fully paid up Equity Shares of Rs.10/- each of Resulting Company No. 2 shall be Issued and allotted as fully paid up for every 1 (One) Equity Share of Rs.10/- each fully paid up held in Demerged Ciompany No. 2’’
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17/09/2024
DR-717/2024-2025
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Note:
(1) Trading members are hereby informed that the Equity Shares of the Company are Currently Trading in ‘XT’ Group and shall continue to be traded in XT Group on Trade-to-Trade basis till further notice, and
(2) 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 (Special Pre- open Session (SPOS)) on 17th September, 2023. For further information on SPOS, the trading members are requested to refer to the Exchanges notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session.
Subject to compliance with requisite formalities, the Equity Shares of the Resulting Company i.e. Sekasaria Finance Ltd will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
September 16, 2024 |