Fixation of Record date i.e 27th June, 2025 by Umang Dairies Limited (UDL) for allotment of equity Shares to the Shareholders of UDL by Bengal & Assam Company Limited in terms of the Scheme ....
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Bengal & Assam Company Ltd (BACL) has informed that the Scheme of Arrangement among Umang Dairies Ltd (UDL), Panchmahal Properties Ltd (PPL), and BACL has become effective on 17th June 2025, following NCLT Kolkata Bench's order dated 22 May 2025. The scheme involves demerger of UDL's dairy business into BACL and amalgamation of UDL's residual business into BACL. The Record Date has been fixed as 27th June 2025 to identify eligible UDL shareholders. For the dairy demerger, 1 BACL share (FV INR 10) will be issued for every 92 UDL shares (FV INR 5). For the residual business amalgamation, 1 BACL share will be issued for every 14,652 UDL shares.
UDL shareholders holding shares as of 27th June 2025 will receive BACL equity shares based on the two swap ratios. The effective date and record date signal that share allotment is now imminent, which may alter trading dynamics and shareholder composition for both UDL and BACL.