| Krypton Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 19, 2011, have unanimously approved, in-principle amalgamation of M/s. Eco Wheels Private Limited (a Subsidiary Company), M/s. Krypton Tyres Limited & M/s. Barons Polymers Private Limited with the Company.
Krypton Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 05, 2011, have approved the following Exchange Ratio pursuant to Amalgamation of M/s. Eco Wheels Private Limited (a Subsidiary Company), M/s. Krypton Tyres Limited & M/s. Barons Polymers Private Limited (hereinafter collectively referred as 'Transferor Company') with Krypton Industries Limited ('Transferee Company').
'9 (Nine) equity shares of the Transferee Company for every 2 (Two) equity shares of Eco Wheels Private Limited (1st Transferor Company);
1 (One) equity share of the Transferee Company for every 2 (Two) equity shares of Barons Polymers Private Limited (2nd Transferor Company);
1 (One) equity share of the Transferee Company for every 1 (One) equity share of Krypton Tyres Limited (3rd Transferor Company)'.
(As Per BSE Announcement Website dated on 05.12.2011)
Krypton Industries Ltd has informed BSE regarding Outcome of Board Meeting held on March 28, 2013.
have allotted 12,28,050 Equity Shares of Rs. 10/- each fully paid-up to the shareholders of EWPL, 2,00,000 Equity Shares of Rs.10/- each fully paid-up to the shareholders of BPPL,and 16,58,000 Equity Shares of Rs.10/- each fully paid-up to the shareholders of KTL,aggregating to 30,86,050 Equity Shares of Rs.10/- each fully paid-up to
the shareholders of the Transferor Companies, in the Share Exchange Ratio as provided in the
Scheme of Merger of approved by the Hon'ble High Court of Calcutta dated February 28,2013,i.e., 9
(Nine) fully paid-up equity shares of face value of Rs.10/- each of KIL for every 2 (Two) fully paid-up equity shares of face value of Rs.10/- each of EWPL,1 (One) fully paid-up equity shares of face value of Rs. 10/- each of KIL for every 2 (Two) fully paid-up equity shares of face value of Rs. 10/- each of BPPL and 1 (One) fully paid-up
equity shares of face value of Rs.10/- each of KIL for every 1 (One) fully paid-up equity shares of face Value of Rs 10/- each of KTL.
(As Per BSE Bulletin Dated On 01.04.2013) | | Powered by Capital Market - Live News |
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