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| NOTICES |
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| Notice No. |
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20220325-52 |
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Notice Date |
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25 Mar 2022 |
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| Category |
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Corporate Actions |
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Segment |
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Equity |
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| Subject |
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Amalgamation of Tea Time Ltd. (Scrip Code: 512011). |
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| Content |
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Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation between Tea Time Ltd (“Transferor Company 1”), Orient International Limited (“Transferor Company 2”), Neptune Exports Ltd (“Transferor Company 3”), Northern Projects Ltd (“Transferor Company 4”) and Hindustan Udyog Limited(HUL) (Transferee Company), as sanctioned by the Hon’ble National Company Law Tribunal, Kolkata Bench, the Transferor Company 1 i.e. Tea Time Ltd. has fixed Record Date to determine the entitlement of shareholders of Tea Time Ltd., to equity shares of Hindustan Udyog Limited.
Trading Members are advised not to deal in the equity shares of Tea Time Ltd. (the Company) with effect from the under mentioned date:
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS
FROM
W.E.F.
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Tea Time Ltd. (512011)
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30/03/2022
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Scheme of Amalgamation: -
Upon coming into effect of the Scheme and in consideration of the Amalgamation of the Company with HUL, HUL shall without any further application, act or deed, issue and allot to each Equity Shareholder of Tea Time Ltd, whose name is registered in the Register of members of Tea Time Ltd as on Record Date, fully paid Equity shares of HUL in the following Share Exchange Ratio:
100 (One Hundred) Equity Shares of Rs. 10/- each to be credited as fully paid-up of HUL for every 807 (Eight Hundred and Seven) Equity Shares of Rs. 10/- each fully paid up held by such shareholder in Tea Time Ltd.
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30/03/2022
DR-522/2021-2022
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* The company scrip is transfered to T+1 Settlement mode w.e.f. 25.03.2022
Trading Members of the Exchange are requested to take note of it.
Mangesh Tayde
Assistant General Manager – Listing Operations (CRD)
March 25, 2022 |
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