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, Mumbai Bench, BAJAJ ELECTRICALS LTD, has fixed Record Date for the purpose of Demerger and for 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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BAJAJ ELECTRICALS LTD.
(500031)
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14/09/2023
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As per Scheme of Arrangement for Demerger as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, inter alia, between, BAJAJ ELECTRICALS LTD. (Demerged Company) and Bajel Projects Limited (Resulting Company) and their Respective Shareholders and Creditors;
Demerger of EPC Segment :
Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer and vesting of the Demerged Undertaking being the Illumination Business and Power Transmission and Power Distribution Business from BAJAJ ELECTRICALS LTD INTO Bajel Projects Limited;
Bajel Projects Limited shall issue and allot Equity Shares to the eligible Shareholders of BAJAJ ELECTRICALS LTD, in the following proportion:-
“1 (One) fully paid-up Equity Share of Rs.2/- each of Bajel Projects Limited shall be issued and alloted for every 1 (One) fully paid-up Equity Share of Rs.2/- each held in BAJAJ ELECTRICALS LTD.”
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14/09/2023
DR-614/2023-2024
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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. 14th September, 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 14th September, 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 Equity Shares of the Resulting Company i.e. Bajel Projects Limited will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
September 08, 2023 |