A Meeting of Equity Shareholders of the Parshva Enterprises Ltd ("Demerged Company") is being convened on Friday, 20th June, 2025 at 09:00 a.m. through VC/OAVM mode for approval of scheme ....
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Parshva Enterprises Limited is holding a virtual meeting of its equity shareholders on June 20, 2025 (9:00 a.m.) to approve a Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013. The scheme proposes to demerge the company's Jewellery Business into Simandhar Impex Limited (Resulting Company), while Parshva remains the Demerged Company. The meeting was directed by NCLT Mumbai Bench via its order dated April 24, 2025 in Company Scheme Application (CAA) No. 101 of 2025, and BSE had already issued its observation letter on the scheme on February 5, 2025. A Fair Equity Share Entitlement Ratio Report was issued on May 14, 2024 by Ms. Rajul Iyer (Registered Valuer), and a fairness opinion was provided by Navigant Corporate Advisors Ltd (SEBI Category I Merchant Banker). Voting will take place via NSDL remote e-voting from June 17-19, 2025, with a cut-off date of June 13, 2025.
If approved, Parshva shareholders will receive shares in Simandhar Impex Limited in exchange for the demerged jewellery business, and Parshva's remaining business profile will change post-scheme. The stock could see short-term volatility around the voting outcome and NCLT final approval.