Arvind Ltd has informed BSE that in pursuance of the Composite Scheme of Arrangement in the nature of amalgamation of Arvind Products Limited with Arvind Limited and Demerger and transfer of investment division of Asman Investments Limited to Arvind Limited, as approved by the Hon''ble High Court of Gujarat, the Company i.e. Arvind Limited is required to issue and allot 1 (one) equity share of Rs. 10 each credited as fully paid up for every 11 (Eleven) equity shares of Rs. 10 each held by the shareholders of Arvind Products Limited on Record Date to be fixed by the transferee Company - Arvind Limited.
In pursuance of the same, the Board of Directors of Arvind Limited has fixed March 20, 2012 as the Record Date for determining the entitlement of shareholders of Arvind Products Limited, the transferor Company who shall be issued and allotted the equity shares of Arvind Limited - the transferee Company.