|
Scheme of Arrangement:
A) Consolidation of Capital:
Upon coming into effect of this Scheme, the existing face value of 1 share of Re.1/- each of NGVL shall be deemed to be considered as Rs. 10/- each by consolidating 10 equity shares of Re. 1/- each into 1 equity share of Rs. 10/- each.
B) Demerger of the Electronic Division of NGVL into Pearl Electronics Ltd (PEL)
Upon coming into effect of this Scheme and in consideration of the Demerger of the Electronic Division of NGVL into PEL., PEL shall issue and allot equity shares, credited as fully paid up, in the following manner:
56.79 fully paid up equity shares of Rs. 10/- each of PEL shall be issued and allotted for every 100 fully paid equity shares of Rs. 10/- each held in NGVL.
C) Demerger of the Agriculture Division of NGVL into Pearl Agriculture Ltd (PAL)
Upon coming into effect of this Scheme and in consideration of the Demerger of the Agriculture Division of NGVL into PAL., PAL shall issue and allot equity shares, credited as fully paid up, in the following manner:
55.89 fully paid up equity shares of Rs. 10/- each of PAL shall be issued and allotted for every 100 fully paid equity shares of Rs. 10/- each held in NGVL.
|