Parshva Enterprises Limited has announced a revision to the record date for its demerger scheme with Simandhar Impex Limited, as per a recent corporate filing. This change comes following the scheme's sanction by the National Company Law Tribunal (NCLT), Mumbai Bench.

Key Details of the Demerger Scheme

Revised Record Date and Share Allotment

The company has pushed back the record date from October 29, 2025, to November 5, 2025. Shareholders of Parshva Enterprises whose names appear in the company's register on this revised date will be eligible to receive shares in Simandhar Impex Limited as part of the demerger process.

Under the terms of the arrangement, for every 10 equity shares held in Parshva Enterprises, shareholders will receive 3 fully paid-up equity shares of Rs 10 each in Simandhar Impex Limited.

Listing Plans and Regulatory Approvals

The equity shares to be allotted by Simandhar Impex Limited are proposed to be listed on the BSE Limited. However, this listing is subject to applicable regulations and necessary regulatory approvals.

Compliance and Communication

Parshva Enterprises has made this announcement in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested the stock exchange to take this information on record as part of its regulatory compliance.

This revision in the record date is a significant development for shareholders of Parshva Enterprises, as it determines their eligibility for receiving shares in Simandhar Impex Limited as part of the demerger process. Investors and stakeholders are advised to take note of this change and its potential implications on their shareholdings.

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.