Intimation of Allotment of Shares by Resulting Company pursuant to Scheme.
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A Scheme of Arrangement between Parshva Enterprises (Demerged Company) and its wholly-owned subsidiary Simandhar Impex (Resulting Company), which became effective on 17 October 2025, has moved to the allotment stage. Simandhar Impex has allotted 30,56,925 equity shares of Rs. 10 each (fully paid-up) to the shareholders of Parshva Enterprises in the ratio of 3 shares of Simandhar Impex for every 10 shares held in Parshva Enterprises. The record date was 5 November 2025 and the board of Simandhar Impex approved the allotment on 8 November 2025. Additionally, Simandhar Impex's pre-scheme share capital of 10,000 equity shares (held entirely by Parshva) has been cancelled, and Simandhar Impex has ceased to be a wholly-owned subsidiary of Parshva. Simandhar Impex is now applying to BSE for listing and trading approvals.
Shareholders of Parshva Enterprises on the record date (5 November 2025) will receive Simandhar Impex shares in their demat accounts, gaining direct ownership in the demerged entity. With Simandhar Impex seeking a separate BSE listing, shareholders may get an additional listed stock, potentially adding liquidity and unlocking standalone value.