| Arvind Ltd has informed BSE that the Hon'ble High Court of Gujarat has sanctioned the Composite Scheme of Arrangement in the nature of demerger and transfer of Real Estate Undertaking of Arvind Limited to Arvind Infrastructure Limited. A certified copy of the Order of the Hon'ble High Court of Gujarat sanctioning the Scheme of arrangement as aforesaid has been filed with the office of Registrar of Companies, Gujarat on May 14, 2015.
SUB. :- Scheme of Arrangement of Arvind Ltd. (Scrip Code 500101)
Trading Members of the Exchange are hereby informed that, Arvind Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger) of the Company approved by the Hon'ble High Court of Gujarat.
COMPANY NAME CODE
Arvind Ltd.
(500101; 600101)
RECORD DATE
29/05/2015
PURPOSE
Scheme of Arrangement: -
Upon the Scheme becoming effective, Arvind Infrastructure Ltd shall in consideration of the demerger and transfer of Real Estate Undertaking, issue and allot shares credited as fully paid-up to the shareholders of Arvind Ltd. in the following proportion:
1 (ONE) fully paid up equity share of Rs.10/- of Arvind Infrastructure Ltd. shall be issued and allotted for every 10 (TEN) fully paid up equity shares of Rs.10/- each held in Arvind Ltd.
EX-ENTITLEMENT FROM DATE & SETT. NO.
28/05/2015 DR-040/2015- 2016
Note:
Subject to compliance with requisite formalities the resulting company i.e. Arvind Infrastructure Limited will be listed on BSE Limited .
(As Per BSE Notice Dated on 22.05.2015)
Arvind Ltd has announced the following results for the quarter ended September 30, 2015:
The Unaudited Standalone results for the Quarter ended September 30, 2015
The Company has posted a net profit of Rs. 801.90 million for the quarter ended September 30, 2015 where as the same was at Rs. 971.40 million for the quarter ended September 30, 2014. Total Income is Rs. 13688.90 million for the quarter ended September 30, 2015 where as the same was at Rs. 13053.80 million for the quarter ended September 30, 2014.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended September 30, 2015
The Group has posted a net profit of Rs. 910.30 million for the quarter ended September 30, 2015 where as the same was at Rs. 932.60 million for the quarter ended September 30, 2014. Total Income is Rs. 21284.00 million for the quarter ended September 30, 2015 where as the same was at Rs. 19949.40 million for the quarter ended September 30, 2014.
The Scheme of Arrangement ('the Scheme') between Arvind Limited ('the Company') and its wholly owned subsidiary Arvind Infrastructure Limited ('AIL') for demerger and transfer of Real Estate Undertaking ('demerged undertaking') to AIL sanctioned by the Hon'ble High Court of Gujarat has become effective from April 01, 2015. Consequent to the Scheme, the Company has demerged the Real Estate Undertaking and hence the results for the quarter are not strictly comparable with previous corresponding periods presented.
(As per BSE Announcement dated on 05.11.2015) | | Powered by Capital Market - Live News |
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