Parshva Enterprises Limited (PEL) has announced the successful completion of its demerger scheme with Simandhar Impex Limited (SIL). The scheme, which became effective on October 17, 2025, marks a significant corporate restructuring for both companies.

Key Details of the Demerger

Regulatory Compliance

The effectiveness of the demerger scheme follows the completion of all necessary regulatory procedures. Both Parshva Enterprises Limited and Simandhar Impex Limited have filed the certified copy of the order passed by the National Company Law Tribunal (NCLT), Mumbai bench, with the Registrar of Companies, Mumbai. This filing satisfies all conditions precedent to the scheme's effectiveness.

Corporate Communication

Prashant Vora, Managing Director of Parshva Enterprises Limited, confirmed the development in a formal communication to the Bombay Stock Exchange. The intimation, made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensures transparency and compliance with listing regulations.

Implications for Stakeholders

While the specific details of the demerger arrangement have not been disclosed in the available information, such corporate actions typically involve the separation of business units or assets. Shareholders and stakeholders of both Parshva Enterprises and Simandhar Impex should stay attentive to further communications from the companies regarding the implications of this demerger on their respective businesses and shareholding structures.

As the appointed date for the scheme is set for April 1, 2024, it suggests that the financial and operational separation may be retroactively applied from this date, subject to the specific terms outlined in the scheme of arrangement.

Investors and market participants are advised to monitor subsequent announcements from both companies for more detailed information on the demerger's impact on their operations, financials, and future strategies.

Parshva Enterprises Limited has announced a significant corporate action, setting October 29, 2025, as the record date for its demerger with Simandhar Impex Limited. This move comes following the approval of the scheme by the National Company Law Tribunal (NCLT), Mumbai Bench, on October 13, 2025.

Key Details of the Demerger

Demerger Specifics

Under the approved scheme of arrangement, shareholders of Parshva Enterprises Limited (the demerged company) will receive shares in Simandhar Impex Limited (the resulting company). For every 10 equity shares held in Parshva Enterprises, shareholders will be entitled to 3 fully paid-up equity shares of Simandhar Impex, each with a face value of Rs. 10.00.

Regulatory Compliance

The company has adhered to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in setting the record date. This compliance ensures transparency and proper communication with shareholders regarding the demerger process.

Future Listing

Subject to necessary regulatory approvals and applicable regulations, the newly allotted shares of Simandhar Impex Limited are proposed to be listed on the BSE Limited. This listing will provide liquidity to the shareholders receiving shares in the resulting company.

Implications for Shareholders

Shareholders of Parshva Enterprises Limited should take note of the October 29, 2025 record date. Those holding shares in the company as of this date will be eligible to receive the new shares in Simandhar Impex Limited as per the specified ratio.

This corporate action represents a significant development for Parshva Enterprises Limited and its shareholders. Investors are advised to keep track of further announcements regarding the completion of the demerger process and the subsequent listing of Simandhar Impex Limited shares on the BSE.