Shiva Texyarn Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2015, have approved the proposal for demerging the Spinning Unit located at Dindigul, Tamilnadu with a capacity of 39072 Spindles and 22 numbers of windmills relating to the Unit with a capacity of 10.65 MW through a Scheme of Arrangement to be sanctioned through a Court approval process. The appointed date of the Scheme is April 01, 2015. The valuation Report issued by Chartered Accountants - M/s V K S Aiyer & Co, Coimbatore and Fairness Opinion issued by M/s Dalmia Securities Private Limited were placed before the Audit Committee of Shiva Texyarn Limited. Based on the aforesaid Valuation Report and Fairness Opinion the Audit Committee of Shiva Texyarn Limited recommended the Scheme, under Section 391-394 of the Companies Act, 1956. The Scheme will be filed with the Stock Exchanges - National Stock Exchange of India Limited and BSE Limited where the shares of Shiva Texyarn Limited are listed, as per SEBI Circular, for their approval to the Scheme. The Scheme shall be filed with the Hon'ble High Court of Judicature of Madras for its approval. Sanctioning the Scheme will also be subject to the approval of shareholders and secured creditors. Shareholders of Shiva Texyarn Limited shall be issued shares in STYL Textile Ventures Limited in the ratio of 2 (Two) equity shares of Rs.10/- each of STYL Textile Ventures Limited for every 5 (Five) equity shares of Rs.10/- each held in Shiva Texyarn Limited in terms of the Scheme. Sub: Advertisement in Newspaper - reg. We are enclosing copy of the order of National Company Law Tribunal, Chennai along with Notice advertised in the following Newspapers: i. Indian Express dt: 22.7.2017 in English ii. Dinamani dt: 22.7.2017 in Tamil Kindly take on record the above information. (As Per BSE Announcement Dated On 03/08/2017) Sub: Change in Board of Directors & KMPs - consequent upon the Demerger under the Scheme of Arrangement entered between Shiva Texyarn Limited (Demerged Company) and Shiva Mills Limited (Resulting Company) (Formerly STYL Textile Ventures Limited) - Reg. (As Per BSE Announcement Dated On 31/08/2017) To arrive the eligible list of shareholders pursuant to the Scheme of Arrangement (for Demerger) entered between Shiva Texyarn Limited (Demerged Company) and Shiva Mills Limited (Resulting Company) as approved by the National Company Law Tribunal, Chennai Bench, for the following purposes:- i.for allotment of shares in Shiva Mills Limited, (Formerly STYL Textile Ventures Limited) (Resulting Company), in the ratio of Two (2) equity share of Rs.10/- each for every Five (5) Equity share of Rs.10/- each held in Shiva Texyarn Limited (Demerged Company) as per Clause 9.1 of the above referred order. ii.for pro-rata reduction of shareholding of the shareholders of Shiva Texyarn Limited resulting in Three (3) equity shares of Rs.10/- each held by them in Shiva Texyarn Limited (Demerged Company) in terms of Clause 9.3 of the above referred order. Kindly take on record of the above. (As Per BSE Announcement Dated On 04/09/2017) Sub: Advertisement in Newspaper - reg. ------------ We are enclosing copy of Notice to Shareholders for Cancellation of Record Date advertised in the following Newspapers: i. Business Standard dt: 8.9.2017 in English ii. Makkal Kural dt: 8.9.2017 in Tamil Kindly take on record the above information. (As Per BSE Announcement Dated On 11/09/2017) Sub: Part B Approval -reg. Please take note that we are in receipt of Part B approval from SEBI on 10th October, 2017 in connection with the fixation of Record Date, Allotment of Shares and other related formalities of the approved Scheme of Arrangement entered between Shiva Texyarn Limited (Demerged Company) and Shiva Mills Limited (formerly STYL Textile Ventures Limited) (Resulting Company). Kindly take on record of the above. (As Per BSE Announcement Dated on 11.10.2017) We wish to inform you that the Demerger and Allotment Committee of Directors in their Meeting held on 25.10.2017 have fixed the Record date as 6.11.2017 for the following purposes: i. for allotment of shares in Shiva Mills Limited, (Formerly STYL Textile Ventures Limited) (Resulting Company), in the ratio of Two (2) equity share of Rs.10/- each for every Five (5) Equity share of Rs.10/- each held in Shiva Texyarn Limited (Demerged Company) as per Clause 9.1 of the above referred order. ii. for pro-rata reduction of shareholding of the shareholders of Shiva Texyarn Limited resulting in Three (3) equity shares of Rs.10/- each held by them in Shiva Texyarn Limited (Demerged Company) in terms of Clause 9.3 of the above referred order. Kindly take on record of the above. (As per BSE Announcement date on 25/10/2017) Trading Members of the Exchange are hereby informed that, Shiva Texyarn Ltd. has informed that it has fixed a Record Date for the purpose of determining the entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger and Reduction of Capital) sanctioned by Hon'ble National Company Law Tribunal, Chennai Bench. The details are as follows: COMPANY NAME CODE Shiva Texyarn Ltd. (511108) RECORD DATE 06/11/2017 PURPOSE As per the Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal, Chennai Bench, between Shiva Texyarn Ltd and Shiva Mills Ltd (Formerly STYL Textile Ventures Limited): - (1)Demerger: A)Upon the Scheme becoming effective and in consideration of the demerger of standalone spinning unit along with windmills of Shiva Texyarn Ltd., into Shiva Mills Ltd (Formerly STYL Textile Ventures Limited.), Shiva Mills Ltd shall issue and allot to the equity shareholders of Shiva Texyarn Ltd, 02 equity shares of Rs. 10/-each of Shiva Mills Ltd for every 05 equity shares held by the equity shareholder of Rs. 10 /-each of Shiva Texyarn Ltd. (2)Reduction of share capital: As per the scheme there is a pro-rata reduction of shareholding of the shareholders (Demerged Company) resulting in 3 equity shares of Rs. 10/-each being held in lieu of every 5 equity shares of Rs. 10/-each held in the Demerged Company. NO DEALINGS FROM DATE & SETT. NO. 03/11/2017 DR- 149/2017-2018 Trading Members of the Exchange are requested to take note of the above. (As Per BSE Notice Dated on 27.10.2017) GENERAL GUIDANCE TO COMPANY'S SHAREHOLDERS Sub: Demerger - Cost of Acquisition of Shares -apportionment of cost of shares to the Shareholders, post demerger. (As Per BSE Announcement Dated on 01.12.2017)