Trading members of the Exchange are hereby informed that, pursuant to the Resolution Plan as approved by the Hon’ble National Company Law Tribunal (NCLT), New Delhi Bench, Providing for Merger of STARLIT POWER SYSTEMS LTD (“Transferor Company”) INTO KDG PROPERTIES AND CONSTRUCTION PRIVATE LIMITED(“Transferee Company”), STARLIT POWER SYSTEMS LTD has informed the Record Date fixed for the purpose of Resolution Plan and to determine the entitlement of shareholders of STARLIT POWER SYSTEMS LTD to equity shares of KDG PROPERTIES AND CONSTRUCTION PRIVATE LIMITED.
Trading Members are advised not to deal in the Equity Shares of STARLIT POWER SYSTEMS LTD with effect from the under mentioned date :-
COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS
FROM
W.E.F.
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STARLIT POWER SYSTEMS LTD
(538733)
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03/01/2025
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As per the approved Resolution Plan:-
(1) Upon approval of Resolution Plan by NCLT, STARLIT POWER SYSTEMS LTD (SPSL) will be merged with KDG PROPERTIES AND CONSTRUCTION PRIVATE LIMITED (KDG);
(2) There will be conversion of status of KDG from Private to Public Limited Company and Change in Name of KDG;
(3) Treatment of Equity Shareholders:
Pursuant to implementation of the Resolution Plan, Shareholders of the Company in the category of Public to the extent of 99,92,866 shares will get shares of the Transferee Company in the ratio of One Share of every 100 Shares ;
The entire shares in the category of Promoters and Promoters Group will be transferred to the Resolution Applicant;
Any shortfall or excess in shares in the category of Public beyond 72,000 shares will be adjusted from shares of the Resolution Applicant.*
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03/01/2021
DR-791/2024-2025
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* Trading Members are adviced to refer to attached Synopsis submitted by Company for complete details of Corporate Action.
Trading Members of the Exchange are requested to take note that Trading in the Equity Shares of the Company is currently under suspension and restricted. The Equity shares of the Company will not be available for Trading w.e.f. 03.01.2025.
Marian Dsouza
Senior Manager – Listing Operations (CRD)
December 27, 2024
Attached: Synopsis - Starlit |