Intimation of record date under the Scheme of Arrangement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Parshva Enterprises Ltd has fixed Wednesday, 29th October 2025 as the Record Date for its demerger scheme with Simandhar Impex Limited, which was approved by the NCLT Mumbai Bench on 13th October 2025. Under the sanctioned scheme, shareholders of Parshva Enterprises will receive 3 fully paid-up equity shares of Rs. 10 each of Simandhar Impex Limited for every 10 equity shares held in Parshva Enterprises as on the record date. The new shares issued by Simandhar Impex are proposed to be listed on BSE, subject to regulatory approvals. This is a demerger arrangement under Sections 230-232 of the Companies Act, 2013.
Shareholders holding Parshva Enterprises shares as on 29th October 2025 will be entitled to receive shares of Simandhar Impex Limited in the 3:10 swap ratio, potentially creating value from the resulting listed entity. The stock may see adjustment activity around the record date as the demerger benefits crystallize for eligible shareholders.