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NOTICES
Notice No.   20220902-44   Notice Date   02 Sep 2022
Category   Corporate Actions   Segment   Equity
Subject   Scheme of Arrangement (Demerger) of BEML Ltd(Scrip Code 500048)
 
Content

Trading Members of the Exchange are hereby informed that, pursuant to Order passed by the Central Government, Ministry of Corporate Affairs, approving  the Scheme of Arrangement (for Demerger), BEML Ltd  has fixed  Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below: 

 

COMPANY NAME

CODE

RECORD DATE

PURPOSE

EX-ENTITLEMENT  FROM

DATE &

SETT. NO.

BEML Ltd  (500048)

09/09/2022

 

 

As per Scheme of Arrangement sanctioned vide Order of the Government of India, Ministry of Corporate Affairs, between, BEML Ltd  (Demerged Company) and BEML Land Assets Limited (Resulting Company) : -

 

Upon the Scheme becoming effective and upon vesting of the Identified Surplus/Non-Core Assets of BEML Ltd into BEML Land Assets Limited;

 

BEML Land Assets Limited shall issue and allot Equity Shares to the shareholders of BEML Ltd in the following proportion:

 

“1 fully paid up equity shares of Rs. 10/- each fully paid up of BEML Land Assets Limited shall be issued and alloted For every 1 fully paid up equity shares of Rs. 10/- each fully paid up held in BEML Ltd”

08/09/2022

DR-111/2022-2023

 

Note:

 

1)        Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from ‘A’ group to ‘T’ group w.e.f. 8th September,  2022,  and 

 

2)   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 8th  September, 2022.

 

3)   Subject to compliance with requisite formalities, the shares of Resulting company i.e. BEML Land Assets Limited will be listed on BSE Limited.

 

 

 

Marian Dsouza

Senior Manager –Listing Operations (CRD)

September 02, 2022

 

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