Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement for Demerger as approved by the Hon'ble National Company Law Tribunal, Kolkata Bench, Saregama India Ltd has fixed Record Date for the purpose of determining the 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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Saregama India Ltd
(532163)
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27/07/2023
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As per Scheme of Arrangement for Demerger as sanctioned by the Hon'ble National Company Law Tribunal, Kolkata Bench, between: Saregama India Ltd, (Demerged Company) and Digidrive Distributors limited (Resulting Company), and their Respective Shareholders and Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer and vesting of the Demerged Undertaking being the E-Commerce Distribution business from Saregama India Ltd (Demerged Company) INTO Digidrive Distributors Ltd(Resulting Company);
Digi drive Distributors Ltd shall issue and allot Equity Shares to the Shareholders of Saregama India Ltd in the following proportion:-
“1 (One) Fully Paid-Up Equity Share of Rs. 10/- each of Digidrive Distributors Ltd to be credited as Fully Paid-Up for every 5 (Five) Equity Shares of Re.1/- each held in Saregama India Ltd ”
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27/07/2023
DR-580/2023-2024
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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. 27th July, 2023, 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 (Special Pre- open Session (SPOS)) on 27th July, 2023. For further information on SPOS, the trading members are requested to refer to the Exchanges notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session.
Subject to compliance with requisite formalities, the shares of Resulting Company i.e. Digidrive Distributors Ltd will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
July 21, 2023 |