Amalgamation of JMC Projects (india) Ltd. (Scrip Code: 522263)
January 06, 2023 at 05:12 pm IST
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NOTICES
Notice No.
20230106-23
Notice Date
06 Jan 2023
Category
Corporate Actions
Segment
Equity
Subject
Amalgamation of JMC Projects (india) Ltd. (Scrip Code: 522263)
Content
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, between: JMC PROJECTS (INDIA) LTD.("Transferor Company")andKALPATARU POWER TRANSMISSION LIMITED("Transferee Company"). JMC PROJECTS (INDIA) LTD., have informed the Record Date fixed for the purpose of Amalgamation as also to determine the entitlement of shareholders of JMC PROJECTS (INDIA) LTD to the Equity Shares of KALPATARU POWER TRANSMISSION LIMITED.
<_o3a_p>
Trading Members are advised not to deal in the Equity shares of JMC PROJECTS (INDIA) LTD. with effect from the under mentioned date:-<_o3a_p>
COMPANY NAME <_o3a_p>
CODE<_o3a_p>
RECORD DATE<_o3a_p>
PURPOSE<_o3a_p>
NO DEALINGS<_o3a_p>
FROM<_o3a_p>
W.E.F.<_o3a_p>
JMC PROJECTS (INDIA) LTD.<_o3a_p>
(522263)<_o3a_p>
11/01/2023<_o3a_p>
As per the Scheme of Amalgamation approved by the NCLT, Ahmedabad Bench : -
<_o3a_p>
Upon the Scheme becoming effective and in consideration of the Amalgamation of JMC PROJECTS (INDIA) LTD. and KALPATARU POWER TRANSMISSION LIMITED;
<_o3a_p>
KALPATARU POWER TRANSMISSION LIMITED shall issue and allot Equity Shares to the shareholders of JMC PROJECTS (INDIA) LTD. in the following share exchange ratio :
<_o3a_p>
"1 (One) Equity Share having a face value of Rs.2/- each of KALPATARU POWER TRANSMISSION LIMITED to be issued as Fully paid-up, for every 4 (Four) Fully Paid-Up Equity Shares having a face value of Rs.2/- each held by shareholders of JMC PROJECTS (INDIA) LTD. ("Share Exchange Ratio")."
11/01/2023<_o3a_p>
DR-696/2022-2023<_o3a_p>
Trading Members of the Exchange are requested to take note of it.
BSE Ltd. published this content on 06 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2023 11:28:43 UTC.
BSE Limited is an India-based stock exchange company. The Company provides a platform for trading in equity, debt instruments, derivatives, and mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). The Company operates through Stock Exchange Operations segment that facilitates trading in securities and other related ancillary services. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. The Companyâs systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments. The Company's subsidiaries include Indian Clearing Corporation Limited, BSE Investments Limited, BSE E-Agricultural Markets Limited, BSE EBIX Insurance Broking Private Limited, BSE Administration and Supervision Limited, among others.
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