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NOTICES
Notice No.   20250416-41   Notice Date   16 Apr 2025
Category   Corporate Actions   Segment   Equity
Subject   Amalgamation of RANE Engine Valve Limited (Scrip Code: 532988)
 
Content

Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation  as approved by the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench Providing for Merger of RANE Engine Valve Limited (“Transferor Company No. 1”)  INTO  RANE (MADRAS) LIMITED (“Transferee Company”), RANE Engine Valve Limited (REVL) has informed the Record Date fixed for the purpose of Amalgamation and to determine the entitlement of shareholders of RANE Engine Valve Limited  to Equity Shares of RANE (MADRAS) LIMITED

Trading Members are advised not to deal in the Equity Shares of RANE ENGINE VALVE LIMITED (REVL) with effect from the under mentioned date :-

COMPANY NAME 

CODE

RECORD DATE

PURPOSE

NO DEALINGS

FROM

W.E.F.

RANE ENGINE VALVE LIMITED

(532988)

22/04/2025

As per the  Scheme of Amalgamation as approved by the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench :-

Upon coming into effect of the Scheme and in consideration of the transfer and vesting of   RANE Engine Valve Limited (“Transferor Company No. 1”)  INTO  RANE (MADRAS) LIMITED (“Transferee Company”);

RANE (MADRAS) LIMITED (RML) shall Issue and allot Equity Shares to the Shareholders of RANE Engine Valve Limited (REVL) in the following proportion:-

9(Nine) Equity Shares of RML having Face Value of Rs.10/- each Fully Paid Up shall be issued for every 20(Twenty) Equity Shares held in REVL having Face Value of Rs.10/- each Fully Paid Up

22/04/2025

DR-614/2025-2026

 

Marian Dsouza

Senior Manager – Listing Operations (CRD)

April 16,2025

 

 

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