Intimation of effective date of Scheme of Arrangement
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Parshva Enterprises (the Demerged Company) has informed BSE that its Scheme of Arrangement with Simandhar Impex Ltd (the Resulting Company) has become effective from 17 October 2025. The NCLT Mumbai bench approved the scheme, and both companies have filed the certified copy of the order with the Registrar of Companies, Mumbai, satisfying all conditions precedent. The Appointed Date for the scheme is 1 April 2024, meaning the demerger is effective retrospectively from the start of FY25. This is a corporate restructuring where a part of Parshva's business is being hived off into Simandhar Impex Ltd. Shareholders should expect further updates on share entitlement or allotment from the resulting company.
The demerger is now legally effective; existing shareholders of Parshva will likely receive shares in Simandhar Impex in proportion to their holding, based on the swap ratio to be communicated separately. The stock may see short-term volatility as the restructuring crystallises, but long-term impact depends on the value and prospects of the demerged business.