Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger) as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, National Peroxide 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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National Peroxide Ltd.
(500298)
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25/09/2023
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As per Scheme of Arrangement (Demerger) sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, inter alia, between, National Peroxide Ltd, (Demerged Company) and NPL Chemicals Ltd (Resulting Company) and Their Respective Shareholders and Creditors;
Demerger of Chemical business :
Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer and vesting of the Demerged Undertaking being the Chemical business from National Peroxide Ltd., INTO NPL Chemicals Ltd, NPL Chemicals Limited shall issue and allot Equity Shares to the eligible Shareholders of National Peroxide Ltd in the following proportion:-
“1 (One) Fully Paid-Up Equity Share of Rs.10/- each of NPL Chemicals Limited shall be issued and alloted for every 1 (One) Fully Paid-Up Equity Share of Rs.10/- each held in National Peroxide Ltd.”
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25/09/2023
DR-620/2023-2024
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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 ‘X’ group to ‘XT’ group w.e.f. 25th 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 25th 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. NPL Chemicals Limited will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
September 21, 2023 |