Tuesday, January 02, 2018

Orient PAPER


Scheme of Arrangement (Demerger) of Orient Paper & Industries Ltd.
 
Content

Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon’ble National Company Law Tribunal, Kolkata Bench, Orient Paper & Industries Ltd., has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below:


COMPANY NAME
CODE
RECORD DATE
PURPOSE
EX-ENTITLEMENT  FROM
DATE &
SETT. NO.
Orient Paper & Industries Ltd.
(502420,602420)
12/01/2018


As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Kolkata Bench, between, Orient Paper & Industries Ltd and Orient Electric Limited (Resulting Company) And Their Respective Shareholders And Creditors: -

Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Consumer Electric Business into  Orient Electric Limited pursuant to this Scheme :

Orient Electric Limited shall issue and allot equity shares at par on a proportionate basis to the shareholders of Orient Paper & Industries Ltd in the following proportion :

“1 (ONE) fully paid up equity share of Orient Electric Limited shall be issued and allotted for every 1 (ONE) fully paid up equity share each held in Orient Paper & Industries Ltd.
11/01/2018
DR-197/2017- 2018


Note:

Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from ‘B’ group to ‘T’ group w.e.f. January 11, 2018 and 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 on January 11, 2018.

Subject to compliance with requisite formalities the resulting company Orient Electric Limited will be listed on BSE Limited.



Mangesh Tayde

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