Chandni Textiles Engineering Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2016, has considered and approved the proposal for demerger of its engineering division of the Company and vesting it with a wholly owned subsidiary of the company viz. Chandni Machines Private Limited with effect from July 01, 2016 under the provisions of Section 391 to 394 of the Companies Act 1956, or any corresponding provisions of the Companies Act, 2013. The Board has authorized the Audit Committee to examine all relevant aspects of the process of demerger and make suitable recommendations to the Board. Further the Board has authorized Mr. Jayesh R Mehta, Managing Director of the Company to finalize the scheme of arrangements/ demerger, to appoint Valuers and Merchant Bankers and the like for the purpose of demerger. A Draft Scheme will be prepared and shall be forwarded to the Stock Exchange / SEBI for NOC in due course. The Board Meeting commenced at 3.00 p.m. and concluded at 5.15 p.m. Chandni Textiles Engineering Industries Ltd has informed BSE that at the meeting of the Board of Directors ('Board') of the Company held on August 10, 2016, inter alia, has considered and approved the following businesses: 1. Approved Scheme of demerger between the Engineering Division of the Company and its wholly owned subsidiary - Chandni Machines Private Limited and their respective shareholders and creditors ('Scheme') under the provisions of section 391 to 394 of the Companies Act, 1956, or any corresponding provisions of the Companies Act, 2013. - The draft scheme provides for the transfer of the demerger of Engineering Division of Chandni Textiles Engineering Industries Ltd ('CTEIL') on a going concern basis, with effect from July 01, 2016 into Chandni Machines Private Ltd ('CMPL'), in lieu whereof such number of equity shares of the Company as set out in the Scheme will be issued to the shareholders of CTEIL. - The Board has taken on record the Valuation Report issued by SSPA & Co., Chartered Accountants and Fairness Opinion issued by Merchant Banker. - It may be noted that the Scheme has been reviewed and recommended for approval by the Audit Committee of the Board of the Company at its meeting held on August 10, 2016. - The said scheme has been approved by the Board subject to the requisite approval members and/ or creditors of the Company as may be directed by the relevant High Court and subject to all such requisite approvals from the relevant statutory and regulatory authorities and sanctions of the relevant High Court. The Board Meeting commenced at 3.00 p.m. and concluded at 5.15 p.m. (As per BSE Announcement dated on 10.08.2016) Approval of Scheme of Arrangement by National Company Law Tribunal. (As per BSE Announcement date on 05/01/2018) Outcome of Board Meeting held on Wednesday, 14th February, 2018. (As Per BSE Announcement Dated on 14.02.2018) The record date for determining the shareholders of Chandni Textiles Engineering Industries Limited who are entitled for allotment of the equity shares of Chandni Machines Limited pursuant to the Scheme of Arrangement between Chandni Textiles Engineering Industries Limited ('Demerged Company') and Chandni Machines Limited ('Resulting Company') and their respective shareholders is Monday, 20th August, 2018. (As Per BSE Announcement Dated on 06.08.2018) Chandni Textiles Engineering Industries Ltd has informed BSE that the record date for determining the shareholders of Chandni Textiles Engineering Industries Limited who are entitled for allotment of the equity shares of Chandni Machines Limited pursuant to the Scheme of Arrangement between Chandni Textiles Engineering Industries Limited ('Demerged Company'') and Chandni Machines Limited ('Resulting Company') and their respective shareholders is August 20, 2018. (As Per BSE Announcement Dated on 08.08.2018) Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, Chandni textiles Engineering Industries Limited., 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 Chandni textiles Engineering Industries Limited. -522292 RECORD DATE 20/08/2018 PURPOSE As per Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, between, Chandni textiles Engineering Industries Limited and Chandni Machines Ltd. (Resulting Company) And Their Respective Shareholders And Creditors: - Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Engineering Division (Demerged Undertaking) into Chandni Machines Ltd. pursuant to this Scheme : Chandni Machines Ltd. shall issue and allot equity shares at par on a proportionate basis to the shareholders of Chandni textiles Engineering Industries Limited in the following proportion : '1 (ONE) fully paid up equity share of Chandni Machines Ltd. shall be issued and allotted for every 5 (Five) fully paid up equity share held in Chandni textiles Engineering Industries Limited.' EX-ENTITLEMENT FROM DATE & SETT. NO. 16/08/2018 DR-099/2018-2019 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from X' group to XT' group w.e.f. August 16, 2018 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on August 16, 2018. Subject to compliance with requisite formalities the shares of resulting company Chandni Machines Ltd. will be listed on BSE Limited. (As Per BSE Notice Dated on 09/08/2018) Newspaper Publication of Standalone Unaudited Financial Results for the quarter ended on 30.06.2019 (As Per BSE Announcement Dated on 16/08/2019)