(22-Sep-2006 Hours IST)
1.Trading members of the Exchange are hereby informed that the under mentioned new securities of HBL Nife Power Systems Ltd. (Scrip Code: 517271, ISIN No: INE292B01013) are listed and permitted for trading on the Exchange with effect from Monday, September 25, 2006. Securities 1,40,70,493* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile HBL Limited and Pinaki Technologies Ltd. on their amalgamation with the Company. Dist. Nos. 10000001 to 24070493 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that the entire 1,40,70,493 equity shares bearing dist. Nos. 10000001 to 24070493 issued pursuant to the scheme of amalgamation are under lock-in for a period till 30-09-2009 and therefore these shares would not be good delivery in the market till then. The company has confirmed that these equity shares are issued in physical form and the relevant share certificates have been enfaced with a stamp regarding its non-transferability. 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Andra Pradesh vide the Order dated March 8, 2000. b) Appointed Date: April 01, 1999 c) Effective Date: March 8, 2000 d) Date of Allotment: May 11, 2000 e) Exchange Ratio: For every 1 Equity Shares of Rs.10/- each held in erstwhile HBL Limited, 6.90 Equity Share of Rs.10/- each of the company have been issued. 4. The company's financial year ends on 31st March.
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