Vintage Cards and Creations will relist on the bourses with 5,92,941 equity shares after scheme of arrangement. There will be no circuit filter today.
Particulars of the scheme of arrangement
The Scheme of arrangement involving capital reduction of the company was approved by the Hon'ble High Court of Bombay; vide its order dated October 12, 2007.
Appointed date: November 01, 2007
Effective date: November 07, 2007.
Date of Allotment: January 30, 2008
Pursuant to the scheme, the issued, subscribed and paid-up equity capital of the Company has been reduced from Rs.592.94 lacs (59,29,413 equity shares of Rs.10/- each fully paid up) to Rs.59.29 lacs (5,92,941 equity shares of Rs.10/- each fully paid up). Consequently the shareholders of the company has received 1 (one) equity share of Rs.10/- each fully paid up for every 10 (ten) equity shares of Rs.10/- each fully paid up held on the record date.
The company had fixed January 30, 2008 as "Record Date", for giving effect to the scheme of arrangement and accordingly dealing in the abovementioned securities of the company was stopped with effect from January 23, 2008.
