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| NOTICES |
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| Notice No. |
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20220601-51 |
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Notice Date |
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01 Jun 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 Gallantt Ispat Limited (Scrip Code: 533265) |
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| Content |
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Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation and Slump Sale between: Gallantt Ispat Limited(“Transferor Company No.1”) and Gallantt Metal Limited (“Transferee Company”), as sanctioned by the Hon’ble National Company Law Tribunal, Kolkata Bench and New Delhi Bench, Gallantt Ispat Limited have fixed Record Date for the purpose of Amalgamation and to determine the entitlement of shareholders of Gallantt Ispat Limited to equity shares of Gallantt Metal Limited. Details of the same are given below:
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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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Gallantt Ispat Limited (533265)
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07/06/2022
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Scheme of Amalgamation and Slump Sale :
Upon the Scheme becoming effective and in consideration of the Amalgamation of Gallantt Ispat Limited into Gallantt Metal Limited:
Gallantt Metal Limited shall issue and allot Equity Shares to the shareholders of Gallantt Ispat Limited in the following share exchange ratio:
“13 (Thirteen) equity shares of Gallantt Metal Limited having a face value of Rs.10/- each to be issued as fully paid-up, for every 14 (Fourteen) fully paid up equity shares held by shareholder of Gallantt Ispat Limited having a face value Re.1/- each (“Share Exchange Ratio”).”
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06/06/2022
DR-046/2022-2023
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Trading Members are advised not to deal in the equity shares of Gallantt Ispat Limited with effect from the above mentioned date.
Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Manager – Listing Operations (CRD)
June 01, 2022
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