Trading Members of the Exchange are hereby informed that, Pursuant to the Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, Ahmedabad Bench and National Company Law Appellate Tribunal, New Delhi, ORIENTAL CARBON & CHEMICALS 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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ORIENTAL CARBON & CHEMICALS LTD.
(506579)
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01/07/2024
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As per Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench and National Company Law Appellate Tribunal, New Delhi, between, ORIENTAL CARBON & CHEMICALS LTD., (Demerged Company) and OCCL Limited (Resulting Company) and their Respective Shareholders and Creditors;
The Scheme of Arrangement proposes the Demerger of the Chemical Business of ORIENTAL CARBON & CHEMICALS LTD (Demerged Company) INTO OCCL Limited (Resulting Company) ;
In consideration for the Demerger, OCCL Limited shall issue Equity Shares to the Shareholders of Oriental Carbon & Chemicals Ltd. as follows:
Upon the Scheme becoming effective, the Resulting Company shall issue and allot on proportionate basis, 5 (Five) Fully Paid-Up Equity Shares of Rs.2/- each of the Resulting Company credited as Fully Paid Up, for every 1 (One) Fully Paid-Up Equity Share of Rs.10/- each held in the Demerged Company, to the equity shareholders of the Demerged Company whose name is recorded in the register of members/ records of the depository as members of the Demerged Company as on the Record Date.
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01/07/2024
DR-663/2024-2025
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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 ‘B’ Group to ‘T’ group w.e.f. 1st July, 2024, 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 1st July, 2024. 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. OCCL Limited will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
June 27, 2024 |