Crompton Greaves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 03, 2015, has transacted the following: - Scheme of demerger of Consumer BU : A new Scheme of demerger of the Consumer Products Business Unit of the Company into CG's wholly owned subsidiary Crompton Greaves Consumer Electricals Limited was approved by the Board, and the existing scheme with Crompton Greaves Consumer Products Limited is withdrawn. The new Scheme consists of 100% vertical demerger of the Consumer BU, and will come into effect from the Appointed Date 1st October, 2015, subject to receipt of all Regulatory approvals. Details on key highlights of the new Scheme are enclosed as Annexure A to this letter. With reference to the earlier announcement dated April 23,2015 regarding one of the entities of the promoter group of the Company (Avantha Holdings Limited ('AHL')) proposes to divest its entire shareholding in Crompton Greaves Consumer Electricals Limited ('CGCEL'). Crompton Greaves Ltd has now informed BSE that the company have now received further communication from AHL stating that the regulatory approvals for divesting its entire shareholding in CGCEL, have been obtained from Reserve Bank of India and Competition Commission of India. A copy of disclosure from AHL is enclosed. (As Per BSE Announcement Dated on 30.06.2015) With reference to the earlier letter dated August 14, 2015, Crompton Greaves Ltd has informed BSE that : The Honorable High Court of Judicature at Bombay has on November 20, 2015 approved the Scheme of Demerger of the Consumer Products Business Unit of the Crompton Greaves Limited (CG) into CG's wholly owned subsidiary Crompton Greaves Consumer Electricals Limited (CGCEL). This Scheme was approved by the Shareholders of the CG at the Court Convened Meeting held on August 13, 2015. Upon the effective implementation of the Scheme, CGCEL will issue and allot to the shareholders of CG as on the record date to be fixed, one (1) fully paid up equity share of Rs. 2 each for every one (1) equity share of Rs. 2/- each held in CG. The Scheme shall be effective from the Appointed Date i.e. October 01, 2015, upon filing of the Certified Copy of the Order of the Hon'ble High Court, sanctioning the Scheme, with the Registrar of Companies. Upon receipt of the Certified Copy of the Order, the Company shall notify the Stock Exchanges and also upload the said order on the website of the Company. (As per BSE Announcement dated on 20.11.2015) With reference to the earlier letter dated November 20, 2015 informing that the Honorable High Court of Judicature at Bombay has approved the Scheme of Demerger of the Consumer Products Business Unit of the Crompton Greaves Limited (CG) into CG's wholly owned subsidiary Crompton Greaves Consumer Electricals Limited (CGCEL) on November 20, 2015. Crompton Greaves Ltd has now informed BSE that the authenticated copy of the High Court Order has been filed by the Company with the Registrar of Companies, Maharashtra on December 31, 2015. (As Per BSE Announcement Dated on 31.12.2015) Crompton Greaves Ltd has informed BSE as under : 'As communicated earlier, pursuant to the Scheme of Arrangement sanctioned by the Hon'ble High Court of Judicature Mumbai vide order dated November 20, 2015, the erstwhile consumer business of the Company stands vested with Crompton Greaves Consumer Electricals Limited, (CGCEL) with effect from the Appointed Date i.e. October 01, 2015. The sanctioned Scheme has been filed with the Registrar of the Companies upon which the Scheme is effective. In terms of the sanctioned scheme, CGCEL will issue and allot to the shareholders of the Company one (1) fully paid-up equity share of Rs. 2/- each for every one (1) equity share held in the Company on the record date to be fixed by the Company upon completion of requisite formalities and the said shares shall be listed on the stock exchanges. The Company had on February 02, 2016 published its unaudited financial results for the quarter and nine months ended December 31, 2015 without consolidation of the results of CGCEL for the quarter in view of CGCEL ceasing to be a wholly owned subsidiary in terms of the sanctioned Scheme. We wish to inform you that the Company has received intimation from CGCEL informing that a meeting of Board of Directors of CGCEL is scheduled to be held on February 09, 2016 to review and approve inter-alia the financial performance of CGCEL for the quarter ended December 31st, 2015. Since the shareholders of the Company are entitled to receive equity shares in CGCEL, as stated above and the Company having released its results without consolidating the results of the CGCEL as stated above, the Company considers it prudent to report the upcoming un-audited results of the CGCEL in view of the materiality of the information to the shareholders.' (As Per BSE Announcement Dated on 04/02/2016) Crompton Greaves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 25, 2016, has fixed March 16, 2016 as the Record Date' for the purpose of reckoning names of the equity shareholders of the Company entitled to receive shares of Crompton Greaves Consumer Electrical Limited - the resulting Company, pursuant to the Scheme of Demerger approved by the Hon'ble High Court of Bombay. (As Per BSE Announcement Dated on 25.02.2016) SUB. :- Scheme of Arrangement (Demerger) of Crompton Greaves Ltd. (Scrip Code 500093) Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement as approved by the Hon'ble High Court of Bombay, Crompton Greaves Ltd (CG), has fixed the Record Date for the purpose of determining the entitlement of shareholders of the Company, as per details given below : COMPANY NAME CODE Crompton Greaves Ltd. (500093 & 600093) RECORD DATE 16/03/2016 PURPOSE As per the Scheme of Arrangement sanctioned by the Hon'ble High Court of Bombay Between: (1) Crompton Greaves Ltd (CG) and (2) Crompton Greaves Consumer Electricals Ltd (CGCEL) : - Upon the Scheme becoming effective and in consideration of the Demerger and hiving of Consumer Products Business of CG into CGCEL, CGCEL shall issue and allot equity shares credited as fully paid-up to the shareholders of CG in the following proportion: ' 1 (ONE) fully paid up equity shares of Rs.2/- of CGCEL shall be issued and allotted for every 1 (ONE) fully paid up equity shares of Rs.2/- each held in CG' EX-ENTITLEMENT FROM DATE & SETT. NO. 15/03/2016 DR-239/2015- 2016 Note: As mandated vide SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012 and Clarification provided vide SEBI Letter No. OW/27536/2015 dated September 30, 2015, the aforesaid scrip shall be a part of Pre-open Call Auction Session on 15th March, 2016. (As Per BSE Notice Dated on 26.02.2016) Crompton Greaves Ltd has submitted to BSE a communication dated March 22, 2016 for the attention of the Company's shareholders pertaining to the Scheme of Arrangement - Demerger. (As Per BSE Announcement Dated on 23.03.2016) Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (As per BSE Announcement Dated on 02/01/2024)