SUB. :- Scheme of Arrangement (Demerger) of Jindal Photo Ltd. (Scrip Code 532624)
Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger) approved by the Hon’ble High Court for the State of Allahabad, U.P & Hon’ble High Court of Bombay, Jindal Photo Ltd (JPL)., has fixed the Record Date for the purpose of determining 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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Jindal Photo Ltd.
(532624)
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13/05/2016
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As per Composite Scheme of Arrangement sanctioned by the Hon’ble High Court for the State of Allahabad, U.P & Hon’ble High Court of Bombay, between, (1) Jindal Photo Ltd and (2) Jindal Poly Films Ltd: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Demerged Undertaking into Jindal Poly Films Limited:
Jindal Poly Films Ltd shall issue and allot equity shares at par on proportionate basis to the shareholders of Jindal Photo Ltd, in the following proportion:
“10 (TEN) fully paid equity shares of Rs. 10/- of Jindal Poly Films shall be issued and allotted for every 59 (FIFTY NINE) up equity shares of Rs.10/- each held in Jindal Photo Ltd”
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12/05/2016
DR-029/2016- 2017
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Note:
Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from ‘B’ group to ‘T’ group w.e.f. May 12, 2016 and 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 on May 12, 2016.
Mangesh Tayde
Manager –Listing Operations (CRD)
Contact No. 2272 8846
May 03, 2016
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