Sub:- Scheme of Arrangement of Patels Airtemp (India) Ltd. (Scrip Code 517417)
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Members of the Exchange are hereby informed that, Patels Airtemp (India) Ltd. has
fixed the Record Date for the purpose of Scheme of arrangement, Reduction of capital
and Consolidation of shares. Members of the Exchange are hereby advised not to deal
in the securities of the company with effect from the below mentioned date.
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COMPANY NAME BC BOOK CLOSURE/ PURPOSE NO DEALINGS
& CODE RD RECORD DATE FROM
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Patels Airtemp - RD 16/02/2004 As per the Scheme Of Arrangement 10/02/2004
(I) Ltd. and demerger one of the units of DR-221/2003-
517417 the company shall be transferred 2004
to another company i.e. Patels
Airflow Ltd.(PAL)
a. ONE equity share of Rs.10/- each of
PAL shall be issued for every FOUR
existing equity shares held.
b. ONE equity share of Rs.10/- each of
the company shall stand reduced to
Rs.7.50 each.
c. THREE equity shares of Rs.10/- each
shall be issued for every FOUR
equity shares of Rs.7.50 each
after the consolidation.
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K.Gopalkrishnan
Thursday, Asst.General Manager
January 15, 2004 (Dept. of Corporate Services)
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