Cochin Malabar fixes record date for scheme of arrangement

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26 Aug, 2025 12:21

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Cochin Malabar Estates & Industries Ltd has informed BSE that the Board of Directors of the Company in its meeting held on January 28, 2013 fixed February 11, 2013 as the Record Date for the purpose of issue of one ordinary share of Rs.10/- each fully paid-up of M/s. Joonktollee Tea & Industries Ltd. for two equity shares of Rs. 10/- each fully-up held by the Shareholders of the Company pursuant to the Scheme of Arrangement sanctioned by the Hon’ble High Court of Calcutta."Pursuant to the Scheme of Arrangement of The Cochin Malabar Estates And Industries Limited (CMEIL) with the Company the 'Cochin Plantation Division' of CMEIL shall be transferred to the Company w.e.f. April 01, 2011.The referred Scheme of Arrangement was approved by the Board of Directors of the Company on November 14, 2011, by the Shareholders of the Company in the Extra Ordinary General Meeting held on April 05, 2012, and by the Hon'ble High Court of Calcutta vide its order dated December 03, 2012.The Company shall, in consideration of the transfer of the 'Cochin Plantation Division' of CMEIL, issue and allot to every Equity Shareholder of CMEIL as on the Record Date i.e. February 11, 2013, one Ordinary Share of Rs.10/- each fully paid-up for every two Equity Shares of Rs.10/- each fully paid-up and held by such Shareholders in CMEIL.No fractional shares shall be issued by the Company in respect of the fractional entitlements, if any, to which the Shareholders of CMEIL may be entitled to on issue and allotment of the Ordinary Shares of the Company. All such fractional entitlements shall be consolidated into a whole share and be allotted to one of the directors or officers of CMEIL as a Trustee for sale thereof to such persons and at such price as may be considered by the Trustee in this regard and for payment of the net proceeds to the persons entitled thereto after such sale in proportion to their respective fractional entitlements."Source : BSE

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