Tube Investments of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 03, 2016 approved the Scheme of Arrangement (hereinafter referred to as 'the Scheme') pursuant to Sections 391 to 394 read with Sections 100 and 103 and other applicable provisions of the Companies Act, 1956/Companies Act, 2013 whereby the Manufacturing Business Undertaking of the Company (hereinafter referred to as 'Demerged Company'), which includes manufacturing of tubes, strips, tubular components, bicycles and fitness products, chains for automobile sector and industrial applications, roll-formed sections, other metal formed products, industrial gears, designing and manufacturing of dies, will be demerged, on a going concern basis into Tl Financial Holdings Limited, a Wholly-owned Subsidiary of the Company (hereinafter referred to as 'Resulting Company'). The Appointed Date for the demerger is 1st April, 2016. Consequent to the demerger of the Manufacturing Business Undertaking, the Resulting Company will issue 1 (One) fully paid up Equity Share of Re.1 (Rupee One Only) each of the Resulting Company for every 1 (One) fully paid up equity share of Rs.2 (Rupees Two) each held in the Demerged Company. The Scheme provides for the listing of the equity shares to be issued by the Resulting Company pursuant to the Scheme. The Scheme also provides for reduction of the face value of Demerged Company from Rs.2/- each fully paid to Re.1/- each fully paid. The Scheme is subject to necessary statutory and regulatory approvals including the approval of the Hon'ble High Court of Judicature of Madras (hereinafter referred to as 'High Court'), the Stock Exchanges, the Securities & Exchange Board of India, the respective shareholders of both the companies. The Scheme will be effective on the date on which the authenticated copies of the orders of the High Court, sanctioning the Scheme, are filed with the Registrar of Companies, Tamilnadu, Chennai. Scheme of Arrangement (Demerger) between the Company and TI Financial Holdings Ltd. and their respective shareholders (Scheme) - Receipt of NCLT's Sanction - Updates (As per BSE Announcement date on 19/07/2017) Scheme of Arrangement (Demerger) between the Company and TI Financial Holdings Ltd. and their respective shareholders - Board Meeting of Demerged Company and Resulting Company held - Updates. (As Per BSE Announcement Dated on 20.07.2017) Scheme of Arrangement (Demerger) between the Company and TI Financial Holdings Limited and their respective shareholders ('Scheme') - BOARD MEETINGS OF DEMERGED COMPANY AND RESULTING COMPANY HELD - UPDATES (As Per BSE Announcement Dated On 24/07/2017) Scheme of Arrangement (Demerger) between the Company and TI Financial Holdings Ltd. and their respective shareholders ('Scheme') - Updates Tube Investments of India Ltd. (Demerged Company) - The Board has today *28.7.2017) co-opted Mrs. Shubhalakshmi Panse as Additional Direcotr (Independent Director). Her appointment will take effect on 1st August, 2017. (As Per BSE Announcement Dated on 28.07.2017) Scheme of arrangement - Intimation of Scheme becoming Effective - Updates (As Per BSE Announcement Dated On 01/08/2017) Outcome of the Board Meeting and Financial Results for the quarter 30th june, 2017 (As Per BSE Announcement Dated on 11.08.2017) Scheme of Arrangement (Dedmerger) - Record Date fixed - Updates. (As per BSE Announcement date on 12/08/2017) SUB. :- Scheme of Arrangement of Tube Investments of India Ltd. (Scrip Code 504973). Trading Members of the Exchange are hereby informed that, Tube Investments of India Ltd. ('TIIL') has informed that it has fixed a Record Date for the purpose of determining the entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger and Reduction of Capital) sanctioned by Hon'ble National Company Law Tribunal, Chennai Bench. The details are as follows: COMPANY NAME CODE Tube Investments of India Ltd. (504973; 604973) RECORD DATE 28/08/2017 PURPOSE As per the Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal, Chennai Bench, between Tube Investments of India Ltd ('TIIL') and TI Financial Holdings Ltd ('TIFHL') : - (1) Demerger: A) Upon the Scheme becoming effective and in consideration of the demerger of Manufacturing Business Undertaking of Tube Investments of India Ltd., into TI Financial Holdings Ltd., TIFHL shall issue and allot to the equity shareholders of TIIL, 01 equity share of Re. 1 /-each of TIFHL for every 01 equity share held by the equity shareholder of Rs. 2 /-each of TIIL. (2) Reduction of share capital: Upon the scheme coming into effect, the face value of Tube Investments of India Ltd (TIIL) shall be reduced from Rs. 2/- each to Re. 1/- each. Accordingly issued, subscribed and paid up equity capital of Tube Investments of India Ltd (the Demerged Company) shall be Rs. 18,74,10,623 consisting of 18,74,10,623 of Re.1/- each. Accordingly, the shareholders of the Demerged Company shall be issued 1 (ONE) new equity share of the Demerged Company for every 1 (ONE) equity share held by shareholders in the Demerged Company. NO DEALINGS FROM DATE & SETT. NO. 24/08/2017 DR-101/2017-2018 Trading Members of the Exchange are requested to take note of the above. (As Per BSE Notice Dated on 18.08.2017) Tube Investments of India Limited has informed the Exchange regarding 'Scheme of Arrangement (Demerger) - Updates - Allotment of Equity Shares by TI Financial Holdings Ltd.(Formerly Tube Investments of India Ltd.) and Tube Investments of India Ltd. (Formerly TI Financial Holdings Ltd.)'. (As per NSE Announcement dated on 04/09/2017)