Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, HERCULES HOISTS 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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HERCULES HOISTS LTD.
(505720)
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11/10/2024
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As per Scheme of Arrangement (Demerger) approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, between, HERCULES HOISTS LTD (the Demerged Company) and IINDEF Manufacturing Limited (the Resulting Company) and their Respective Shareholders and Creditors;
The Scheme provides for Demerger of the Manufacturing Business Undertaking of HERCULES HOISTS LTD, (Demerged Company) INTO Indef Manufacturing Limited (Resulting Company) ;
Upon the Scheme becoming effective and In consideration of the Demerger as stated above, Indef Manufacturing Limited, shall issue and allot Equity Shares to the shareholders of HERCULES HOISTS LTD in the following proportion:-
"1 (One) Fully Paid-Up Equity Share of Re.1/- each (Indian Rupees One) of INDEF Manufacturing Limited shall be issued and allotted to the Shareholders of Hercules Hoists Limited for every 1 (One) Fully Paid-Up Equity share of Re.1/- (Indian Rupees One) each held in the Hercules Hoists Limited”
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11/10/2024
DR-734/2024-2025
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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 Hercules Hoists Limited shall be transferred from ‘B’ Group to ‘T’ Group w.e.f. 11th October, 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 11th October, 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. Indef Manufacturing Limited will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
October 04, 2024 |