The Board of Jasch Industries Limited (BSE:500220) announced the spin-off of Jasch Gauging Technologies Limited on July 24, 2021. Resulting company will include Industrial Gauges and Equipments Undertaking of Jasch Industries Limited. The resulting company will issue equity shares to the shareholders of Jasch Industries Limited basis the entitlement ratio approved by board. The equity shares will be issued as for every 5 equity shares each held in Jasch Industries Limited as on record date, the equity shareholders of Jasch Industries Limited will be issued 2 equity shares in resulting company. Accordingly, a total of 4.532 million new shares will be issued of Resulting company. Consequent to the demerger of the Demerged Undertaking, the issued, subscribed and paid-up equity share capital of the Demerged Company would be reorganised by way of reduction and cancellation of the paid up equity share capital of Jasch Gauging to the extent of allotment of shares by the Resulting Company to the shareholders of Jasch Industries. Accordingly, an equity share holder holding 5 equity shares of Jasch Industries, then post reduction, will get 3 equity shares of resulting company. On March 31, 2021, Industrial Gauges and Equipments Undertaking reported total revenue from operations as INR 420.949 million. Jasch Gauging Technologies Limited shares will be listed on BSE. Therefore, the existing shareholders of demerged company will hold shares of two listed companies after the Scheme becoming effective. Such shareholders will then be able to choose whether they want to remain invested in either or both the business/ operations of Jasch Gauging Technologies, giving them flexibility in managing their investment in 2 business having differential dynamics. Transaction is subject to customary closing conditions including receipt of requisite statutory/ regulatory approvals including approval of jurisdictional Bench of National Company Law Tribunal and is approved by the Board of Directors of Jasch Industries Limited.