Members of the Exchange are hereby informed that the under mentioned new securities of Lakshmi Machine Works Limited. (Scrip Code: 500252; ISIN No.INE269B01011) are listed and permitted for trading on the Exchange with effect from Friday, 23rd April 2004.
Securities
17,752 *Equity Shares of Rs.100/- each (fully paid-up) issued to shareholders of Textool Company Limited pursuant to the Scheme of Amalgamation.
Dist. Nos. 1219174 to 1236925.
* These shares are ranking pari-passu with the old equity shares of the company.
The brief particulars of the Scheme of Amalgamation are as mentioned below:
The Scheme of Amalgamation was sanctioned by the Board for Industrial and Financial Reconstruction (BIFR) on 22nd October 2003
The appointed date : 1st April, 2003.
Date of Allotment : 4th February 2004
As per the scheme, the Textool Company Limited merged with Lakshmi Machine Works Limited and in consideration thereof the Lakshmi Machine Works Ltd. has given option to the shareholder of Textool Company Ltd. to opt for one Equity Share of Rs.100/- each of Lakshmi Machine Works Ltd. for every 200 Equity Shares of Rs.10/- each held in Textool Company Ltd. or to opt for cash consideration of Rs.10/- per share for every share of Rs.10/- each held in Textool Company Ltd.
It may noted that where the shareholders of Textool Company Ltd. holds more than 200 shares but holding is not divisible by 200 then such shareholder at his option can be allotted one equity share of Lakshmi Machine Works Ltd. for every 200 equity shares of Textool Company Ltd. and in respect of remainder, if any, cash compensation at Rs.10 per shares will be paid. However the shareholder of Textool Company Ltd. can also opt for cash for the entire holding.
3) As per Exchange's Notice No. 200301115-6 dated 15th November 2003, the Transferor Company viz. Textool Company Limited, had fixed 3rd December 2003 as "Record Date" for giving effect to the Scheme of Arrangement.
4)The company's financial year ends on 31st March. | Powered by Capital Market - Live News |
|