Trading Members of the Exchange are hereby informed that, pursuant to the Resolution Plan/ Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, INDORE Bench, UJAAS ENERGY LIMITED, 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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UJAAS ENERGY LIMITED
(533644)
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22/05/2024
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As per Resolution Plan/Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal, INDORE Bench, inter alia, between, UJAAS ENERGY LIMITED, (Demerged Company) and SVA Family Welfare Trust and M&B Switchgears, Resultant Companies and their Respective Shareholders and Creditors;
The Scheme of Arrangement proposes the Demerger of (1) Transformer Business (Demerged Undertaking 1) and (2) Power Trading and Advisory business (Demerged Undertaking 2) of the Company to Resulting Company 1 and Resulting Company 2;
In consideration for the Demerger, the Resulting Company 1 and Resulting Company 2 shall issue Equity Shares to the Shareholders of UJAAS Energy Limited in the following proportion:-
“Each Member of Ujaas Energy Limited holding One (1) Equity Share in Ujaas Energy Limited on the Record Date shall in respect of every One (1) fully paid equity share of Re.1/- each held by him/her in Ujaas Energy Limited be entitled as of right to claim and receive from Resulting Company 1 and Resulting Company 2, an allotment of One (1) Equity Share of Re.1/- each credited as fully paid-up from the general reserves that are transferred from Ujaas Energy Limited to Resulting Company 1 and Resulting Company 2”
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22/05/2024
DR-636/2024-2025
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Note:
(1) Trading members are hereby informed that the Trading in the Equity Shares of the aforesaid Company shall continue to remain in T Group till further Notice, 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)).
Trading Members are requested to note that the Trading in the Equity Shares of the Company is currently restricted due to IRP Stage 1 (i.e. available for Trading only on the First Trading day of the week) and the aforesaid Parameter will be applicable on the day the Scrip is available for Trading on or after 22.05.2024 as per the IRP Trading Framework.
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.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
May 21, 2024
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