Yaari Digital Integrated Services Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding(a) effectiveness of the Scheme of Arrangement; and (b) fixation of Record Date for issue of shares under the Scheme'.
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Yaari Digital Integrated Services has informed the exchanges that its Scheme of Arrangement has become effective, meaning all required approvals including NCLT clearance have been received. The company has also fixed a Record Date to determine which shareholders are eligible to receive shares to be issued under the scheme. This is a key milestone in the corporate restructuring process, allowing the share issuance to move forward. Existing shareholders on the record date will be entitled to receive shares in line with the terms of the scheme.
Eligible shareholders on the record date will receive additional shares under the scheme, which could dilute existing holdings but also provide value in the resulting entity. The stock may show activity around the record date as investors position themselves accordingly.