(18-May-2013 Hours IST)
HCL Technologies Ltd has informed BSE that the Scheme of Arrangement between HCL Technologies Limited and HCL Comnet Systems & Services Ltd. under Section 391 to 394 of the Companies Act, 1956, has become effective with effect from May 17, 2013 on filing of the Order of the Hon'ble High Court of Delhi with the Registrar of Companies, Delhi and Haryana. HCL Technologies Ltd has informed BSE that the Restructuring Committee of the Board of Directors of the Company, has on May 31, 2013 allotted 10,125 Equity Shares of Rs. 2/- each, as per the Scheme of Arrangement between HCL Technologies Limited, HCL Comnet Systems & Services Limited and their respective shareholders and creditors under Section 391 to 394 of the Companies Act 1956. The said Scheme of Arrangement was made effective from May 17, 2013. Consequent to the said allotment the paid-up equity share capital of the Company has gone upto 696,505,305 equity shares of Rs. 2/- each aggregating to Rs. 1,393,010,610/-. (As per BSE Announcement Dated on 01.06.2013) Trading members of the Exchange are hereby informed that the under mentioned new securities of HCL Technologies Limited (Scrip Code: 532281) are listed and permitted for trading on the Exchange with effect from Tuesday, June 25, 2013. Security Details 10,125 shares of Rs.2/- each issued pursuant to the Scheme of Arrangement involving the Demerger of Undertaking of HCL Comnet Systems & Services Limited with the company. These shares are ranking pari-passu with the existing equity shares of the company. Dist. Nos. 696495181 to 696505305 Date of Allotment 31/05/2013 (As per BSE Notice Dated on 24.06.2013) HCL Technologies Ltd has announced the following Unaudited results for the quarter ended December 31, 2013: The Company has posted a net profit of Rs. 12978.70 million for the quarter ended December 31, 2013 as compared to Rs. 7247.20 million for the quarter ended December 31, 2012. Total Income is Rs. 39758.60 million for the quarter ended December 31, 2013 where as the same was at Rs. 28061.40 million for the quarter ended December 31, 2012. During the quarter ended June 30, 2013, in accordance with the terms of a Scheme of arrangement under Sections 391 to 394 of the Companies Act, 1956, approved by the Hon'ble High Court of Delhi vide its order dated April 12, 2013, the IT enabled services division of HCL Comnet Systems & Services Limited, a subsidiary, has been demerged and transferred to the Company on going concern basis with effect from April 01, 2012, the appointed date. In view of the above, the results of the operations of the transferred division for the period July 01, 2012 to June 30, 2013 have been included in the statement of financial results and the segment results of Infrastructure services segment for the quarter and previous year ended June 30, 2013. However, the net profit of the transferred division for the period April 01, 2012 to June 30, 2012 of Rs. 13,552 lacs net of tax Rs. 9,354 lacs have been reflected in the Statement of financial results of the Company for the previous year ended June 30, 2013 under the head 'Exceptional item' and are not included in segment results. Accordingly, the results for the three months and half year ended December 31, 2013 are not comparable with the results for the corresponding period of the previous year. The Consolidated Results are as follows The Consolidated Results (as per US GAAP) are as follows: (in million US $) The Group has posted a net income attributable to HCL Technologies Limited Shareholders of $ 241.6 million for the quarter ended December 31, 2013 as compared to $ 173.8 million for the quarter ended December 31, 2012. Revenues has increased from $ 1154.3 million for the quarter ended December 31, 2012 to $ 1321.3 million for the quarter ended December 31, 2013. (As per BSE Announcement Dated on 16.01.2014) HCL Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 19, 2015, inter alia, has transacted the following: 1. The Board of Directors of the Company has approved has approved the Scheme of Arrangement ('Scheme') between HCL Technologies Ltd (the Company) and HCL Comnet Limited (a wholly owned subsidiary of the Company) under the Section 391 to 394 of the Companies Act, 1956. As per the Scheme, the India System Integration Business of the Company would be transferred to HCL Comnet Limited on a going concern basis with an objective to have simplified business structure with greater visibility in the performance of individual businesses. The said Scheme is subject to requisite approvals. (As Per BSE Announcement Dated on 19.10.2015)
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