Balrampur Chini Mills Ltd has informed BSE that the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) has sanctioned merger of Khalilabad Sugar Mills Pvt. Ltd (KSMPL) with Balrampur Chini Mills Ltd (BCML) under the Modified Draft Rehabilitation Scheme. The Certified Copy of the Order of Hon'ble BIFR has been filed with Registrar of Companies (RoC) both West Bengal and U.P. on September 26, 2013. After filing of the said Order with RoC, KSMPL merger with BCML. The said Scheme comes into operation from the appointed date i.e. April 01, 2012.
Balrampur Chini Mills Ltd has informed BSE that in terms of the Modified Rehabilitation Scheme containing the Scheme of Merger sanctioned by the Hon'ble BIFR by an Order dated August 14, 2013, the Record Date has been fixed as October 30, 2013 for the purpose of determining the eligibility of the shareholders of Khalilabad Sugar Mills Pvt. Ltd. (KSMPL) since merged with Balrampur Chini Mills Ltd (BCML) for allotment of shares by BCML. The members of KSMPL, whose names will appear in the Register of Members as on October 30, 2013 will be allotted 1 equity shares of Re. 1 each in BCML credited as fully paid up for every 20 shares of Rs. 10 each held by them in KSMPL.
(As per BSE Announcement Dated on 18.10.2013)
Balrampur Chini Mills Ltd has informed BSE that 526894 equity shares of Re. 1 each of the Company have been issued and allotted on October 31, 2013 to the shareholders of Khalilabad Sugar Mills Pvt. Ltd (KSMPL), pursuant to order dated August 14, 2013 of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) for the Merger of KSMPL with Balrampur Chini Mills Ltd. The Company shall also pay dividend @ Rs. 2/- per share for the year ended March 31, 2013 on the aforesaid 526894 shares by virtue of the said order.
(As per BSE Announcement Dated on 31.10.2013)n
| Powered by Capital Market - Live News |
|