Please find Copies of Advertisement of Notice convening the meeting of Equity Shareholders of the Parshva Enterprises Ltd (''Demerged Company'') published on 17th May, 2025, in Business ....
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▲ 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 submitted copies of newspaper advertisements published on May 17, 2025, in Business Standard (English) and Navshakti (Marathi) regarding an NCLT-convened meeting of equity shareholders. The NCLT Mumbai Bench, by an order dated April 24, 2025, directed that the meeting be held on Friday, June 20, 2025, at 9:00 AM via video conferencing to consider and approve a Scheme of Arrangement between Parshva Enterprises Limited (De-merged Company) and Simandhar Impex Limited (Resulting Company) under Sections 230-232 of the Companies Act, 2013. Shareholders can vote through remote e-voting between June 17 and June 19, 2025, with the cut-off date for eligibility set at June 13, 2025. The NCLT has dispensed with meetings of the resulting company's shareholders and secured/unsecured creditors of both companies.
Equity shareholders of Parshva Enterprises should review the Scheme of Arrangement and exercise their voting rights, as approval at this meeting will move the demerger process forward, potentially restructuring the company's business by transferring certain operations to Simandhar Impex Limited. The stock may see movement around the voting outcome and subsequent NCLT approval.