Widely read:
We enclose herewith a certified copy of the Order dated 1st October 2020 issued by the NCLT and would request you to note that pursuant to the provisions thereof the Scheme has become effective from the said date. Further the Order has been filed with the concerned Registrar of Companies on 2nd October 2020.
As per the sanctioned Scheme the shareholders of Cimmco shall be entitled to 13 equity shares of
Rs. 2/- each fully paid up of the Company for every 24 equity shares of Rs. 10/- each fully paid
held by them on a record date to be determined by the Board which shall be communicated to the
Exchange in due course. No consideration is payable in case of merger of TCPL (wholly owned
subsidiary) since the shares held by the Company therein shall be cancelled.
As both the Transferor Companies:Cimmco and TCPL stand amalgamated w.e.f. 01/04/2019(the
Appointed Date) upon the Scheme having become effective this intimation can only be and is being
issued only from the Transferee Company.
