| Members of the Exchange are hereby informed that the under mentioned new securities of Ind-Swift Limited (Scrip Code: 524652; ISIN No. INE788B01010) are listed and permitted for trading on the Exchange with effect from Thursday, the 9th September, 2004.
Securities
10,90,674 *Equity Shares of Rs.10/- each (fully paid-up) issued to shareholders of erstwhile Swift Formulations Pvt. Ltd. and Mukar Pharmaceutical Co. Ltd. pursuant to the Scheme of Amalgamation of the Company.
Dist. Nos. 50,25,001 to 61,15,674
* These shares are ranking pari-passu with the old equity shares of the company.
2. Members may please note that 2,73,204 equity shares of the Company bearing distinctive nos. 50,25,001 to 52,98,204 are non-transferable for 3 years from date of listing and therefore these shares would not be good delivery in the market till 08-09-2007. The company has confirmed that the 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:
The Scheme of Amalgamation was sanctioned by the Hon'ble High Court of Punjab & Haryana vide its order dated 19th May, 2004.
The appointed date: 1st April, 2002 Date of Allotment: 28th July, 2004 Exchange Ratio -
For every 10 Equity Shares of Rs.100/- each held in erstwhile Swift Formulations Pvt. Ltd., 54 Equity Share of Rs.10/- each of the company have been issued.
For every 10 Equity Shares of Rs.100/- each held in erstwhile Mukar Pharmaceutical Co. Ltd., 72 Equity Share of Rs.10/- each of the company have been issued.
4.The company's financial year ends on 31st March. | | Powered by Capital Market - Live News |
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