Parrys Sugar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2016, has approved the Scheme of Amalgamation of Parrys Sugar Industries Limited (Transferor Company, subsidiary of E.I.D.- Parry (India) Limited ('EID')) with E.I.D.- Parry (India) Limited (Transferee Company) under Section 391 to 394 of the Companies Act, 1956 and the corresponding provisions of the Companies Act, 2013 as applicable with the appointed date of April 01, 2016. The Scheme is subject to the approval of the Shareholders, Hon'ble High Court of Karnataka at Bengaluru and the Hon'ble High Court of Judicature at Madras and all other regulatory and necessary approvals.
The Board also approved the exchange ratio of 2 fully paid up equity shares of the fade value of Rs. 1/- each of EID Parry to be issued for every 13 equity shares of Rs.10/- each held by the equity shareholders of the Company.
EID Parry India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2016, has recommended to the shareholders, the issue of non convertible debentures (Secured/ Unsecured) in one or more tranches aggregating to Rs. 300 Crore (Rupees Three Hundred Crore Only) on private placement basis, at the ensuing Annual General Meeting of the Company.
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 in connection with Scheme of Amalgamation of Parrys Sugar Industries Ltd with E.I.D.- Parry (India) Ltd. This is further to our letter dated December 7, 2016. This is to inform that the National Company Law Tribunal (NCLT), Chennai and NCLT Bengaluru vide their respective Orders dated 21st April 2017, have approved the Scheme of Amalgamation of the Company's subsidiary , Parrys Sugar Industries Ltd with E.I.D.- Parry (India) Ltd. The Scheme with appointed date of 01-04-2016 will be effective upon filing the Certified True Copy of the Orders with the respective Registrar of Companies. We request you to please take the above on record.
(As Per BSE Announcement Dated on 24.04.2017)
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 in connection with Scheme of Amalgamation of Parrys Sugar Industries Ltd. with E.I.D.- Parry (India) Ltd. This is further to our letter dated November 10, 2016. This is to inform that the National Company Law Tribunal (NCLT), Bengaluru and NCLT Chennai vide their respective Orders dated 21st April 2017, have approved the Scheme of Amalgamation of the Company with E.I.D.- Parry (India ) Ltd. The Scheme with appointed date of 01-04-2016 will be effective upon filing of the Certified True Copy of the Order of NCLT with the respective Registrar of Companies. We request you to please take the above on record.
(As Per BSE Announcement Dated On 24/04/2017)
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 - Scheme of Amalgamation of Parrys Sugar Industries Ltd. with E.I.D.- Parry (India) Ltd. Further to our letter dated April 24, 2017 we wish to inform you that the Company has filed Form INC-28 with the Registrar of Companies, Bengaluru today enclosing the Order dated April 21, 2017 of the National Company Law Tribunal, Bengaluru Bench approving the Scheme of Amalgamation of Parrys Sugar Industries Ltd. with E.I.D.- Parry (India) Ltd. with the appointed date 01.04.2017.
(As Per BSE Announcement Dated on 25.04.2017)
We refer to our letter dated 26th April 2017 intimating 9th May 2017 as the Record Date in respect of the Scheme of Amalgamation of Parrys Sugar Industries Ltd with EID Parry (India ) Limited. We wish to inform you that we would like to revise the Record Date and will send you a communication of the revised date in due course. We request you to take the above on record.
(As Per BSE Announcement Dated On 27/04/2017)
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as sanctioned by the Bengaluru and Chennai Bench of the Hon'ble National Company Law Tribunal between Parrys Sugar Industries Ltd. with E.I.D.- Parry (India) Limited, E.I.D.- Parry (India) Limited has intimated the Record Date to determine the entitlement of shareholders of Parrys Sugar Industries Ltd. to equity shares of E.I.D.- Parry (India) Limited.
Trading Members are advised not to deal in the equity shares of Parrys Sugar Industries Ltd with effect from the under mentioned date:
COMPANY NAME CODE
Parrys Sugar Industries Ltd
(500162)
RECORD DATE
26/05/2017
PURPOSE
The Scheme of Amalgamation: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of Parrys Sugar Industries Ltd. into E.I.D.- Parry (India) Limited, E.I.D.- Parry (India) Limited shall issue and allot Equity Shares to the shareholders of Parrys Sugar Industries Ltd. in the following share exchange ratio:
'02 equity shares of E.I.D.- Parry (India) Limited for every 13 equity Shares held in Parrys Sugar Industries Ltd'.
NO DEALINGS FROM
25/05/2017 DR-038/2017-2018
Trading Members of the Exchange are requested to take note of the above.
(As Per BSE Notice Dated on 22.05.2017)
Sub: Intimation of RECORD DATE - Scheme of Amalgamation of Parrys Sugar Industries Ltd with E.I.D.- Parry (India) Ltd becoming effective and our letter dated April 27,2017. The Board of Directors of the Transferee Company, E.I.D.- Parry (India) Ltd is required to fix the 'Record Date' for the purpose of issue of new equity shares of E.I.D.- Parry (India) Ltd to the shareholders of the Transferor Company, Parrys Sugar Industries Ltd in accordance with the Scheme of Amalgamation. The Board of Directors of E.I.D.- Parry (India) Ltd have fixed Friday, May 26, 2017 as the Record Date. In accordance with Clause 11.1 of the Scheme, all shareholders whose names appear in the register of members of Parrys Sugar Industries Ltd as on the Record Date, i.e. May 26, 2017 will be allotted 2 Equity Shares of Re. 1/- each fully paid up in E.I.D.- Parry (India) Ltd for every 13 Equity Shares of Rs. 10 each fully paid-up held by them in the capital of the Parrys Sugar Industries Ltd. All the Equity Shares which E.I.D.- Parry (India) Ltd holds in Parrys Sugar Industries Ltd shall stand cancelled. We request you to please take the above on record. This may be treated as compliance under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.
(As Per BSE Announcement Dated On 16/05/2017)
The Committee of the Board of Directors of the Company at its Meeting held on May 28, 2017 has allotted 1074861 Equity Shares of face value of Re.1/ each fully paid up to the equity shareholders of Parrys Sugar Industries Limited. In terms of the Scheme, the shareholders of Parrys Sugar Industries Limited have been allotted 2 equity shares of face value of Re.1 each of the Company for every 13 equity shares of face value of Rs.10 each held by them in Parrys Sugar Industries Limited as on the Record date of March 26, 2017.
(As per BSE Announcement date on 28/05/2017) | Powered by Capital Market - Live News |
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