Allotment of Equity Shares to the Shareholders of Umang Dairies Limited (UDL) in terms of Scheme of Arrangement between Bengal & Assam Company Limited and UDL.
BENGALASM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Scheme of Arrangement involving Bengal & Assam Company Ltd (BACL), Umang Dairies Ltd (UDL), and Panchmahal Properties Ltd (PPL) has become effective from June 17, 2025, after NCLT Kolkata and Allahabad orders were filed with the Registrars of Companies. UDL shareholders will receive BACL shares based on a record date of June 27, 2025. For the demerger of UDL's dairy business into BACL, 1 BACL share (face value INR 10) will be issued for every 92 UDL shares (face value INR 5). For the amalgamation of UDL's residual business into BACL, 1 BACL share will be issued for every 14,652 UDL shares. BACL acts as the resulting/amalgamated company in both parts of the scheme.
Existing UDL shareholders will receive BACL equity shares in exchange for their UDL holdings on the record date and will become shareholders of BACL. This is a share-swap restructuring with no cash outflow; UDL shareholders should review the swap ratios to understand the value being received in the combined entity.