(27-Jan-2014 Hours IST)
Trident Limited has informed the Exchange that the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company have unanimously approved the 'Scheme of Amalgamation of Trident Corporation Limited with Trident Limited and their respective shareholders and Creditors' in their separate meetings held on January 25, 2014 pursuant to the order dated December 18,2013 of the Hon'ble Punjab & Haryana High Court at Chandigarh.The Scheme is now subject to the approval of Hon'ble Punjab & Haryana High Court at Chandigarh. Trident Ltd has informed BSE that the Scheme of amalgamation of Trident Corporation Limited with Trident Limited has been sanctioned by Hon'ble Punjab and Haryana High Court at Chandigarh vide its Order dated March 14, 2014. The certified copy of the aforesaid Order has been received on March 25, 2014. The Appointed Date of the Scheme of amalgamation is April 01, 2014. (As Per BSE Announcement Dated on 25.03.2014) Trident Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 15, 2014, has approved the following: Allotment of 136,352,000 equity shares of face value of Rs. 10/- each at a premium of Rs. 18.61/- per share as fully paid up in Trident Limited to shareholders of erstwhile Trident Corporation Limited whose name appeared in the Register of Members as on record date i.e. April 30, 2014, pursuant to the Scheme of Amalgamation sanctioned by the Hon'ble Punjab & Haryana High Court at Chandigarh vide its Order dated March 14, 2014. Consequent to this allotment, the paid up equity share capital of the Company has increased to Rs. 4,47,43,87,120/-. (As Per BSE Announcement Dated on 15.05.2014) 13,63,52,000 equity shares of Rs.10/- each issued pursuant to the Scheme of Amalgamation/Arrangement involving merger of Trident Corporation Ltd (TCL) with the company These shares are ranking pari-passu with the existing equity shares of the company (As Per BSE Notice Dated on 17.06.2014)
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