Receipt of copy of the Order passed by Hon''ble NCLT, Mumbai bench approving the scheme of Arrangement between Parshva Enterprises Limited (''Demerged Company) and Simandhar Impex Limited ....
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The National Company Law Tribunal (NCLT), Mumbai Bench has approved the Scheme of Arrangement between Parshva Enterprises Limited (Demerged Company) and its wholly-owned subsidiary Simandhar Impex Limited (Resulting Company) on 13.10.2025. Under the scheme, the Jewellery Business of Parshva will be demerged into Simandhar Impex, while Parshva will retain its Real Estate and Cut & Polished Diamonds businesses. The Board had approved the scheme on 14.05.2024 with an appointed date of 01.04.2024, and BSE had given its no-objection on 05.02.2025. A Fair Share Entitlement Ratio for equity shares was confirmed by the Valuation Report dated 14.05.2024.
The demerger will allow independent and focused management of the jewellery business under Simandhar Impex and may pave the way for its separate listing, offering shareholders potential value unlocking. However, the actual share entitlement ratio and allotment details, which determine direct shareholder impact, are not disclosed in this filing.