Mandhana Industries Ltd has informed BSE that at the meeting of the Board of Directors ('the Board') of the Company held on November 22, 2014, the Board approved the following in relation to the demerger of the Company's retail and trading business of the brand Being Human to Mandhana Retail Ventures Limited (MRVL): 1) Issue of 2 (two) equity shares of MRVL to every shareholder holding 3 (three) equity shares of MIL; and 2) The draft scheme of arrangement ('the Scheme') between MIL and MRVL and their respective shareholders and creditors. The aforesaid approval was based on the valuation recommended by M/s. SSPA & Co., Chartered Accountants and Fairness Report of Emkay Global Financial Services Limited, Category I registered Merchant Banker. The Board also authorised, severally, the Managing Committee of the Board and/or Mr. Purushottam C. Mandhana - Chairman and Managing Director and/or Mr. Biharilal C. Mandhana-Executive Director and/or Mr. Manish B. Mandhana - Joint Managing Director and/or Mr. Sahrash Daga - Vice President - Finance and/or Mr. Vinay Sampat, Vice President - Legal and Company Secretary to give effect to the Scheme and to do all such acts, deeds, matters and things as also to execute such documents, writings as may be necessary and to settle any questions or difficulties which may arise and give any directions necessary for obtaining approval of and giving effect to the Scheme. In this regard, the Company has issued a Press Release titled 'Mandhana announces demerger of Retail business'. Mandhana Industries Ltd has informed BSE regarding the details of Voting results of Court Convened Meeting held on November 27, 2015, under Clause 35A. (As per BSE Announcement dated on 30.11.2015) Mandhana Industries Ltd has informed BSE that regarding 'Updates on Scheme .' Mandhana Industries Limited has informed the Exchange in relation to the Scheme of Arrangement between Mandhana Industries Limited ('Demerged Company') and Mandhana Retail Ventures Limited('Resulting Company') for issuance of notices to the creditors and advertisement in the media. (As Per BSE Announcement dated on 02.03.2016) Mandhana Industries Ltd has informed BSE about Update on the Scheme of Arrangement for demerger between Mandhana Industries Limited and Mandhana Retail Ventures Limited and their respective Shareholders and Creditors This is to inform you that on 29th March, 2016, the Hon'ble High Court of Judicature at Bombay has approved and sanctioned the Scheme of Arrangement for demerger of the retail.undertaking of Mandhana Industries Limited into Mandhana Retail Ventures Limited and their respective Shareholders and Creditors ('Scheme'). The company has obtained the certified copy of the order passed by the Hon'ble High Court of Judicature at Bombay sanctioning the Scheme and the said certified order has been filed by the company on 31st March, 2016, with the Registrar of Companies ('ROC'), Mumbai, Maharashtra, through E-Form INC - 28. With the filing of said order with the ROC, the Scheme will take effect from the appointed date i.e. 1st April, 2014. (As per BSE Announcement dated 31.03.2016) Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger) approved by the Hon'ble High Court of Judicature at Bombay, Mandhana Industries Ltd, has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below: COMPANY NAME CODE Mandhana Industries Ltd. (533204) RECORD DATE 23/09/2016 PURPOSE As per Composite Scheme of Arrangement sanctioned by the Hon'ble High Court of Judicature at Bombay, between, (1) Mandhana Industries Ltd and (2) Mandhana Retail Ventures Ltd. Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Demerged Undertaking into Mandhana Retail Ventures Limited: Mandhana Retail Ventures Ltd shall issue and allot equity shares at par on proportionate basis to the shareholders of Mandhana Industries Ltd, in the following proportion: '2 (TWO) fully paid equity share of Rs. 10/- of Mandhana Retail Ventures Ltd shall be issued and allotted for every 3 (THREE) equity shares of Rs.10/- each held in Mandhana Industries Ltd' EX-ENTITLEMENT FROM DATE & SETT. NO. 22/09/2016 DR-120/2016- 2017 Note: The aforesaid scrip shall be a part of Call Auction in Pre-open Session on September 22, 2016. (As Per BSE Notice Dated on 16.09.2016)