(25-Apr-2012 Hours IST)
Parrys Sugar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2012 have approved a Scheme of Arrangement (Demerger) pursuant to which the Sankili and Haliyal undertakings of the Company will be demerged into the Holding Company, EID Parry( India) Ltd. (EID Parry) w.e.f. April 01, 2012. This is subject to various statutory and regulatory approvals. Upon this Scheme becoming effective, EID Parry shall issue equity shares of EID Parry to the shareholders of the Company in the ratio of 5 (Five) equity shares of Re. 1/- each fully paid for every 19 (Nineteen) Equity Shares of Rs. 10/- each fully paid held by them in the Company. EID Parry India Ltd has informed BSE that the Hon'ble High Court of Judicature at Madras and Hon'ble High Court of Karanataka have approved the Scheme of Arrangement (Demerger) between Parrys Sugar Industries Limited and E.I.D. Parry (India) Limited and their respective Shareholders and Creditors. The Demerger would become effective from the date of filing of Certified True Copy of the orders with Registrar of Companies, Chennai, Tamil Nadu and Registrar of Companies, Bangalore, Karnataka respectively. (As Per BSE Announcement Dated on 07.03.2013) Parrys Sugar Industries Ltd has informed BSE that the Hon'ble High Court of Karnataka and the Hon'ble High Court of Madras have approved the Scheme of Arrangement (Demerger) between Parrys Sugar Industries Limited and E.I.D. Parry (India) Ltd. and their respective Shareholders and Creditors. The Demerger would be effective from the date of filing the Certified Copies of the Orders with the respective Registrar of Companies. (As per BSE Announcement Dated on 08.03.2013) Parrys Sugar Industries Ltd has informed BSE that pursuant to the Scheme of Arrangement (Demerger) between Parrys Sugar Industries Limited, E.I.D. - Parry (India) Limited; and their respective shareholders and Creditors, the Company have fixed March 22, 2013 as Record Date for the purpose of ascertaining the members who would be entitled to received 5 equity share of face value of Re. 1/- each of E.I.D. - Parry (India) Limited; for every 19 shares of Parrys Sugar Industries Limited held by them. (As per BSE Announcement Dated on 14.03.2013) SUB. :- Scheme of Arrangement of Parrys Sugar Industries Ltd. (Scrip Code 500162) Trading Members of the Exchange are hereby informed that, Parrys Sugar Industries Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger) of the Company approved by Hon'ble High Court of Karnataka. COMPANY NAME CODE Parrys Sugar Industries Ltd. (500162) RECORD DATE 22.03.2013 PURPOSE Scheme of Arrangement: - Upon the Scheme becoming operative, in consideration of the transfer and vesting of the manufacturing facilities at Haliyal and Sankili (DEMERGED Undertaking as defined in the Scheme) of Parrys Sugar Industries Ltd. to and in E.I.D. Parry (India) Ltd., E.I.D. Parry (India) Ltd shall issue and allot to all shareholders of Parrys Sugar Industries Ltd in the following ratio: 'For every 19 (NINETEEN) equity shares of Rs.10/- each, held in Parrys Sugar Industries Ltd, every equity shareholder of Parrys Sugar Industries Ltd shall be entitled to receive 5 (FIVE) equity shares of E.I.D. Parry (India) Ltd of Re.1/- each fully paid up' EX-ENTITLEMENT FROM DATE & SETT. NO 21/03/2013 DR-248/2012- 2013 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 March 21, 2013 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 March 21, 2013. (As Per BSE Notice Dated on 15.03.2013) With reference to the earlier announcement dated March 07, 2013 regarding the receipt of the Order of the Hon'ble High Court of Karnataka and Hon'ble High Court of Judicature, Madras sanctioning the Scheme of Arrangement (Demerger) between Parrys Sugar (Industries) Ltd and EID Parry (India) Ltd, Parrys Sugar Industries Ltd has now informed BSE that consequent to filing of Form No. 21 with the Registrar of Companies, the Scheme of Arrangement (demerger) has become effective from March 18, 2013. (As per BSE Announcement Dated on 19.03.2013) EID Parry India Ltd has informed BSE that the Committee of the Board of Directors at its meeting held on March 28, 2013, has allotted 1838578 Equity Shares of Re. 1/- each to Shareholders of Parrys Sugar Industries Limited (PSIL) pursuant to the sanctioned scheme of Arrangement (Demerger) between Parrys Sugar Industries Limited and E.I.D. - Parry (India) Limited. Upon the above allotment, the Equity Share Capital stands increased to 175766864 consisting of 175766864 equity shares of Re. 1/- each. (As per BSE Announcement Dated on 18.04.2013)
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