Shiva Texyarn cancels record date for scheme of arrangement

Record date was fixed as 15 September 2017

Shiva Texyarn has cancelled the record date of 15 September 2017 for scheme of arrangement between 'Shiva Texyarn' (Demerged Company) and 'Shiva Mills' (Resulting Company).

The Board of Directors of the Company had fixed 15th September, 2017 as the 'Record Date' for the following:-

i. To receive the fully paid up equity shares of the Resulting Company, in the ratio of Two (2) Equity shares of Rs. 10/-each for every Five (5) equity shares of Rs.10/- each held Demerged Company.

ii. For pro-rata reduction of shareholding of the shareholders resulting in Three (3) equity shares of Rs.10/-each held by them in the Demerged Company.

 

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