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| NOTICES |
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| Notice No. |
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20231116-49 |
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Notice Date |
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16 Nov 2023 |
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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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Amalgamation of HG Industries Ltd (Scrip Code: 513723) |
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| Content |
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Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation between HG INDUSTRIES LTD (“Transferor Company”) and GREENLAM INDUSTRIES LIMITED (“Transferee Company”), as sanctioned by the Hon’ble National Company Law Tribunal, New Delhi Bench, HG INDUSTRIES LTD has fixed Record Date to determine the entitlement of shareholders of HG INDUSTRIES LTD to the Equity Shares of GREENLAM INDUSTRIES LIMITED.
Trading Members are advised not to deal in the Equity Shares of HG INDUSTRIES LTD with effect from the under mentioned date:-
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS
FROM
W.E.F.
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HG INDUSTRIES LTD
(513723)
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22/11/2023
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Scheme of Amalgamation: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of HG INDUSTRIES LTD with and INTO GREENLAM INDUSTRIES LIMITED;
GREENLAM INDUSTRIES LIMITED shall issue and allot Equity Shares to the shareholders of HG INDUSTRIES LTD in the following Share Exchange Ratio:
“01 (One) Equity Share of GREENLAM INDUSTRIES LIMITED having a Face Value of Re.1/- each to be issued as fully paid-up, for every 2 (Two) Fully Paid-Up Equity Shares of Rs.5/- each held by shareholder of HG INDUSTRIES LTD (“Share Exchange Ratio”).”
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22/11/2023
DR-660/2023-2024
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Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Senior Manager – Listing Operations (CRD)
November 16, 2023
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