(17-Jun-2009 Hours IST)
Trent Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 17, 2009, inter alia, has approved the following: Approved a scheme of amalgamation of Satnam Developers & Finance Pvt. Ltd (100% subsidiary of the Company) and Satnam Realtors Pvt. Ltd (a joint venture in which Satnam Developers & Finance Pvt. Ltd holds 50% shares) with Trent Ltd with effect from April 01, 2009 subject to requisite approvals. Trent Ltd has submitted to BSE the public notice published in the newspaper in respect of Scheme of amalgamation of Satnam Developers And Finance Pvt Ltd and Satnam Realtors Pvt. Ltd with Trent Ltd and their respective Shareholders. (As Per BSE Announcement Website dated on 19.08.2009) Trent Ltd has informed BSE that in accordance with the directions of the Hon'ble High Court of Bombay, the Equity Shareholders of the Company at its Meeting held on September 16, 2009, have approved the Scheme of Amalgamation of Satnam Developers and Finance Pvt. Ltd. and Satnam Realtors Pvt. Ltd. with Trent Ltd ('the Scheme'), with requisite majority. (As Per BSE Announcement Dated on 17/09/2009) Trent Ltd has informed BSE that the Hon'ble Bombay High Court vide its order dated December 18, 2009, has approved the Scheme of Amalgamation of Satnam Developers and Finance Pvt. Ltd. and Satnam Realtors Pvt. Ltd. with the Company ('Scheme'). As mentioned in the Scheme, the Company would now proceed to seek the other regulatory approvals and the Scheme will be effective on getting the last of such approval. (As Per BSE Announcement Dated on 29/12/2009) Trent Ltd has informed BSE that the Company has received all the other regulatory approvals, pursuant to which the Scheme of Amalgamation of Satnam Developers and Finance Pvt Ltd (SDPL) and Satnam Realtors Pvt Ltd, (SRPL) with Trent Limited has become effective. (As Per BSE Announcement Website dated on 18.03.2010) Trent Ltd has informed BSE that in terms of Amalgamation scheme of Satnam Developers and Finance Pvt Ltd and Satnam Realtors Pvt Ltd with Trent Ltd, the Board has allotted 70,000 Redeemable Preference Shares of Rs 1000/-, each at par to the 50% shareholder of Satnam Realtors Pvt Ltd viz., Shree Naman Developers Ltd. Pursuant to the aforesaid allotment, the paid-up Share Capital of the Company stands increased to Rs 27,03,50,520/- divided into 2,00,35,052 Equity Shares of Rs 10/- each and 70,000 Redeemable Preference Shares of Rs 1,000/- each. (As Per BSE Announcement Dated on 15/04/2010)
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