Jindal Stainless announced that it has now received a copy of the Final Order of the Hon’ble National Company Law Tribunal’s Chandigarh Bench sanctioning the Composite Scheme of Arrangement, amongst Jindal Stainless Limited, Jindal Stainless (Hisar) Limited, JSL Lifestyle Limited, JSL Media Limited, Jindal Stainless Corporate Management Services Private Limited and Jindal Lifestyle Limited and their respective shareholders and creditors. 1. To file the certified copy of the order with the Registrar of Companies, NCT of Delhi & Haryana on 2 March 2023 so that the Composite Scheme will become effective from 2 March 2023 with the appointed date of 1 April 20202. In terms of SEBI Listing Regulations, the requirements of the stock exchanges & pursuant to provisions of the Composite Scheme, to fix 9 March, 2023 as the Record Date, for the purpose of determining the entitlement for issue of Equity Shares of the Company to the shareholders of JSHL and JSLLL based on the share exchange ratio as mentioned in Part B and Part D, respectively, of the Composite Scheme.
Jindal Stainless announced that it has now received a copy of the Final Order of the Hon’ble National Company Law Tribunal’s Chandigarh Bench sanctioning the Composite Scheme of Arrangement, amongst Jindal Stainless Limited, Jindal Stainless (Hisar) Limited, JSL Lifestyle Limited, JSL Media Limited, Jindal Stainless Corporate Management Services Private Limited and Jindal Lifestyle Limited and their respective shareholders and creditors. 1. To file the certified copy of the order with the Registrar of Companies, NCT of Delhi & Haryana on 2 March 2023 so that the Composite Scheme will become effective from 2 March 2023 with the appointed date of 1 April 20202. In terms of SEBI Listing Regulations, the requirements of the stock exchanges & pursuant to provisions of the Composite Scheme, to fix 9 March, 2023 as the Record Date, for the purpose of determining the entitlement for issue of Equity Shares of the Company to the shareholders of JSHL and JSLLL based on the share exchange ratio as mentioned in Part B and Part D, respectively, of the Composite Scheme.
