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| NOTICES |
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| Notice No. |
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20221021-55 |
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Notice Date |
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21 Oct 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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Scheme of Arrangement (Demerger) of NMDC Ltd (Scrip Code 526371) |
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| Content |
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Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (for Demerger) approved by the Ministry of Corporate affairs (MCA), NMDC Ltd has fixed 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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NMDC Ltd
(526371)
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28/10/2022
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As per Scheme of Arrangement (Demerger) sanctioned by the Ministry of Corporate affairs (MCA) vide Order dtd. 06.10.2022, between, NMDC Ltd (Demerged Company) and NMDC Steel Ltd (Resulting Company) and Their Respective Shareholders and Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer of and vesting of demerged Undertaking i.e. Business of NMDC Iron and Steel Plant at Nagarnar, Chhattisgarh, of NMDC Ltd into NMDC Steel Ltd ;
NMDC Steel Ltd shall issue and allot Equity Shares to the shareholders of NMDC Ltd in the following proportion:
“1 (One) Fully Paid-Up Equity Share of Rs.10/- each Fully Paid -Up of NMDC Steel Ltd shall be issued and alloted for every 1 (One) Fully Paid- Up Equity Share of Re.1/- each Fully Paid-Up held in NMDC Ltd”
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27/10/2022
DR-144/2022-2023
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Note:
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 October 27, 2022.
Subject to compliance with requisite formalities, the shares of Resulting companies i.e. NMDC Steel Ltd will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
October 21, 2022
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