Scheme of Arrangement as approved by the Hon’ble National Company Law Tribunal, Chandigarh Bench, Chandigarh (the Tribunal) vide its order dated 23rd April, 2025 involving the demerger of Investment Business of Bagrrys India Private Limited (Demerged Company), into Bagrrys Holding Limited (Resulting Company), the Resulting Company will issue and allot new security to the shareholders of Demerged Company and for that purpose the Resulting Company
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Bagrrys India has only 41 shareholders ( including our 1 folio ).
Baggrys India has converted itself in to a Private Limited Company around 2019.
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OLD 2017 post FOR INFORMATIONAL PURPOSE ONLY
old post
June 20, 2017
Baggry India Shareholders- Retain Your Equity Shares
Baggry India is holding Court (NCLT ) convened Meeting of Shareholders on 24/06/2017 at Baddi ( Himachal Pradesh ) for reorganization .
Most Important for shareholders is Resolution XI on Page 3
xi. Re-organisation of part Share Capital of Bagrrys India Ltd by cancelling the Equity Shares held by all non-promoter/outside shareholders and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.
( Please copy paste the PDF link given below and Please Go Through the Entire Notice - Seems Investor Unfriendly and should be opposed in E Voting / Court Meeting )
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It is strongly Recommended that Shareholders retain their Equity shares by writing ( by Registered Post / Speed Post ) to the Company in this regard under this provision
Page 10
i v It is clarified that an outside/non-promoter shareholder is entitled to retain his/her/its equity shareholding in the Transferee Company by giving a notice of such intention to the Transferee Company any time up to the record date to be fixed for such purpose. In all the cases where the Transferee Company receives intimation from the non-promoter Shareholders to retain their equity shareholding in the Transferee Company, equity shares with respect to all such shareholders will not be cancelled and will not be replaced with 8% non-cumulative compulsorily redeemable Preference Shares
( Please copy paste this )
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Other Explanatory Statements
The following are some of the specific advantages of the proposed Re-organisation of Share Capital of the Transferee Company:
i. The Transferee Company has some outside/non-promoter shareholders. Since the Transferee Company is an un-listed company, there is no mechanism/platform available to these Shareholders to sell/dispose-off these shares, if they so wish.
ii. In order to provide an exit opportunity to all the outside/non-promoter shareholders, it is proposed to re-organise the share capital of the Transferee Company, on voluntary basis, by cancelling the Equity Shares held by all the outside/non-promoter shareholders; and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.
iii. The proposed re-organisation will provide a permanent liquidity option for illiquid shares of the Company. It will help the non-promoter shareholders in realising the true potential of their investments in the Transferee Company which can be gainfully deployed elsewhere.
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old posts
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General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure
: The Blog writer in his / family names has holdings in this Company
So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer
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