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, Hyderabad Bench, SOFTSOL INDIA 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:-
|
COMPANY NAME
CODE
|
RECORD DATE
|
PURPOSE
|
EX-ENTITLEMENT FROM
DATE &
SETT. NO.
|
|
SOFTSOL INDIA LIMITED.
(532344)
|
11/10/2024
|
As per Scheme of Arrangement (Demerger) approved by the Hon'ble National Company Law Tribunal, Hyderabad Bench, between, SOFTSOL INDIA LIMITED (the Demerged Company) and Covance Softsol Limited (the Resulting Company) and their Respective Shareholders and Creditors;
The Scheme provides for Demerger of the Software Business Undertaking of SOFTSOL INDIA LIMITED, (Demerged Company) INTO Covance Softsol Limited (Resulting Company) ;
Upon the Scheme becoming effective and In consideration of the Demerger as stated above, Covance Softsol Limited, shall issue and allot Equity Shares to the shareholders of SOFTSOL INDIA LIMITED in the following proportion:-
"1 (One) Fully Paid-Up Equity Share of Rs.10/- each (Indian Rupees Ten) of Covance Softsol Limited shall be issued and allotted for every 1 (One) Fully Paid-Up Equity share of Rs.10/- (Indian Rupees Ten) each held by the Shareholders of Softsol India Limited ”
|
11/10/2024
DR-734/2024-2025
|
Note:
(1) Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 2, 2010, Trading members are hereby informed that the Equity Shares of the Softsol India Limited shall continue to Trade in ‘XT’ group from 11th October, 2024 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)) on 11th October, 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. Covance Softsol Limited will be listed on BSE Limited.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
October 07, 2024 |