JSW Steel Ltd has informed BSE that The Hon'ble High Court of Judicature at Bombay has sanctioned the Composite Scheme of Amalgamation and Arrangement amongst JSW ISPAT Steel Limited and JSW Building Systems Limited and JSW Steel Coated Products Limited and JSW Steel Limited and their respective shareholders and creditors on May 03, 2013. The Order sanctioning the Scheme has been uploaded on the website of the Hon'ble High Court, Bombay on May 07, 2013.
The certified copy of the Order sanctioning the Scheme is awaited. The Scheme will become effective only upon receipt of the certified copy of the order of the High Court and on compliance with the requisite formalities.
With reference to earlier announcement dated May 08, 2013 informing the sanctioning of the Composite Scheme of Amalgamation and Arrangement amongst JSW ISPAT Steel Limited ('JSWISL'), JSW Building Systems Limited, JSW Steel Coated Products Limited and JSW Steel Limited and and their respective shareholders and creditors (the 'Scheme') by the Hon'ble High Court of Judicature at Bombay, JSW ISPAT Steel Ltd has now informed BSE that in terms of Section 391(3) read with Section 394(3) of Companies Act, 1956, he Scheme has become effective from June 01, 2013, upon
filing of the certified copy of the Order of the Hon'ble High Court of Bombay with the Registrar of Companies, Maharashtra, Bombay. The Appointed Date, in terms of the Scheme, is July 01, 2012.
(As Per BSE Announcement Dated on 03.06.2013)
SUB. : - Scheme of Amalgamation of JSW Ispat Steel Ltd. (Scrip Code 700109)
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation of JSW Ispat Steel Ltd (JSWISL) with JSW Steel Ltd., as approved by the Hon'ble High Court of Judicature at Bombay, JSW Steel Ltd. has fixed a Record Date for the purpose of drawing up the list of preference shareholders of JSWISL to whom preference shares will be issued and allotted pursuant to and in terms of the Scheme
Trading Members are advised not to deal in the equity shares of JSW Ispat Steel Ltd. with effect from the under mentioned date.
COMPANY NAME CODE
JSW Ispat Steel Ltd.
(700109)
RECORD DATE
12.06.2013
PURPOSE
The Scheme of Amalgamation: -
Amalgamation of JSW Ispat Steel Ltd. with JSW Steel Ltd.
Upon the Scheme becoming effective and in consideration of the merger of Residual JSW Ispat Steel Ltd. into Residual JSW Steel Ltd., JSW Steel Ltd shall issue and allot shares to all the preference shareholders of JSW Ispat Steel Ltd in the following proportion:
For every 1 (ONE) fully paid up 0.01% Cumulative Redeemable Preference share of face value of Rs. 10/- each held in JSW Ispat Steel Ltd; 1 (ONE) 0.01% Cumulative Redeemable Preference share of face value of Rs. 10/- each of JSW Steel Ltd, credited as fully paid up having the same rights and terms.
NO DEALINGS FROM
11/06/2013 DR-052/2013-2014
Trading Members of the Exchange are requested to take note of it.
Trading Members of the Exchange are requested to take note of it.
SUB. : - Scheme of Amalgamation of JSW Ispat Steel Ltd. (Scrip Code 500305)
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation of JSW Ispat Steel Ltd (JSWISL) with JSW Steel Ltd., as approved by the Hon'ble High Court of Judicature at Bombay, JSW Steel Ltd. has fixed a Record Date for the purpose of drawing up the list of shareholders of JSWISL to whom equity shares will be issued and allotted pursuant to and in terms of the Scheme
Trading Members are advised not to deal in the equity shares of JSW Ispat Steel Ltd. with effect from the under mentioned date.
COMPANY NAME CODE
JSW Ispat Steel Ltd.
(400305,500305, 600305)
RECORD DATE
12.06.2013
PURPOSE
The Scheme of Amalgamation: -
Amalgamation of JSW Ispat Steel Ltd. with JSW Steel Ltd.
Upon the Scheme becoming effective and in consideration of the merger of Residual JSW Ispat Steel Ltd. into Residual JSW Steel Ltd., JSW Steel Ltd shall issue and allot shares to all the shareholders of JSW Ispat Steel Ltd. (other than JSW Steel) in the following proportion:
For every 72 (SEVENTY TWO) fully paid up equity shares of face value of Rs. 10/- each held in JSW Ispat Steel Ltd.; 1 (ONE) equity share of of face value of Rs. 10/- each of JSW Steel Ltd, credited as fully paid up.
NO DEALINGS FROM
11/06/2013 DR-052/2013-2014
(As Per BSE Notice Dated on 05.06.2013)
JSW Steel Ltd has informed BSE that the Share Allotment Committee of Directors in its meeting held on June 18, 2013, has allotted pursuant to the Composite Scheme of Arrangement and Amalgamation under Sections 391 to 394 of the Companies Act, 1956 amongst JSW Ispat Steel Limited, JSW Building Systems Limited, JSW Steel Coated Products Limited and the Company, sanctioned by the Hon'ble High Court of Judicature at Bombay on May 03, 2013:
a. 1,86,04,844 (One crore eighty six lacs four thousand eight hundred forty four) Equity Shares of Rs. 10/- each fully paid up;
b. 48,54,14,604 (Forty eight crores fifty four lacs fourteen thousand six hundred and four) 0.01% Cumulative Redeemable Preference Shares of Rs. 10/- each fully paid up
to the Equity & Preference shareholders of the erstwhile JSW Ispat Steel Limited respectively, whose names appear in its Register of Members / Register of Preference Shareholders on June 12, 2013 being the Record Date fixed for the purpose.
Consequent to the aforesaid allotments, the paid-up Share capital of the Company stands increased as follows:
- the aggregate equity capital of the Company from Rs. 223,11,72,000 to Rs. 241,72,20,440; and
- the aggregate preference capital of the Company from Rs. 279,03,49,070 to Rs. 764,44,95,110/- comprising of 27,90,34,907 10% Cumulative Redeemable Preference shares of Rs. 10 each and 48,54,14,604 0.01% Cumulative Redeemable Preference Shares of Rs. 10 each.
(As Per BSE Announcement Dated on 18.06.2013)
Trading members of the Exchange are hereby informed that the under mentioned new securities of JSW Steel Limited (Scrip Code: 500228) are listed and permitted for trading on the Exchange with effect from Tuesday, July 02, 2013.
Security Details
1,86,04,844 Equity shares of Rs.10/- each issued pursuant to the Scheme of Amalgamation of JSW Ispat Steel Ltd with the company.
These shares are ranking pari-passu with the existing equity shares of the company.
Dist. Nos. 2223117201 to 2241722044
Date of Allotment 18/06/2013
(As per BSE Notice Dated on 01.07.2013)
JSW Steel Ltd has announced the following results for the quarter ended September 30, 2013:
The Unaudited results for the Quarter ended September 30, 2013
The Company has posted a net profit after tax of Rs. 1012.50 million for the quarter ended September 30, 2013 whereas the same was at Rs. 8222.60 million for the quarter ended September 30, 2012. Total Income is Rs. 116064.80 million for the quarter ended September 30, 2013 whereas the same was at Rs. 89491.60 million for the quarter ended September 30, 2012.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended September 30, 2013
The Group has posted a net loss after taxes, minority Interest and Share of Loss of Associates of Rs. (1155.50) million for the quarter ended September 30, 2013 where as the same was net profit at Rs. 6912.50 million for the quarter ended September 30, 2012. Total Income is Rs. 130348.90 million for the quarter ended September 30, 2013 where as the same was at Rs. 95412.90 million for the quarter ended September 30, 2012.
'On May 03, 2013 the Bombay High Court sanctioned a Composite Scheme of Amalgamation and Arrangement under sections 391 to 394 of the Companies Act, 1956 amongst JSW Steel Limited, JSW ISPAT Steel Limited, JSW Building Systems Limited, JSW Steel Coated Products Limited and their respective shareholders and creditors with effect from July 01, 2012, being the appointed date. The certified copy of the scheme is filed with the Registrar of Companies (RoC) June 01, 2013. Accordingly, effect of the scheme is considered in the result for the quarter and six months ended September 30, 2013. Consequent to the merger, the results are not fully comparable with corresponding periods of the previous year.'
(As per BSE Announcement Dated on 29.10.2013)
JSW Steel Ltd has announced the following results for the quarter ended December 31, 2013:
The Unaudited results for the Quarter ended December 31, 2013
The Company has posted a net profit of Rs. 6521.50 million for the quarter ended December 31, 2013 where as the same was at Rs. 1367.30 million for the quarter ended December 31, 2012. Total Income is Rs. 120251.50 million for the quarter ended December 31, 2013 where as the same was at Rs. 83490.60 million for the quarter ended December 31, 2012.
The Consolidated Results are as follows :
The Unaudited results for the Quarter ended December 31, 2013
The Group has posted a net profit after Tax, Minority Interest & Share of Profit / (Losses) of Associates of Rs. 4664.90 million for the quarter ended December 31, 2013 where as the same was at net loss of Rs. (737.00) million for the quarter ended December 31, 2012. Total Income is Rs. 136372.10 million for the quarter ended December 31, 2013 where as the same was at Rs. 88961.20 million for the quarter ended December 31, 2012.
'on May 03, 2013, the Bombay High Court sanctioned a Composite Scheme of Amalgamation and Arrangement under sections 391 to 394 of the Companies Act, 1956 amongst JSW Steel Limited, JSW ISPAT Steel Limited, JSW Building Systems Limited, JSW Steel Coated Products Limited and their respective shareholders and creditors with effect from July 1, 2012, being the appointed date. The certified copy of the scheme is filed with the Registrar of Companies (RoC) on June 1, 2013. Accordingly, effect of the scheme is considered in the results for the quarter and nine months ended December 31, 2013. Consequent to the merger, the results are not fully comparable with corresponding periods of the previous year.'
(As per BSE Announcement Dated on 28.01.2014) | Powered by Capital Market - Live News |
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