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.

Parshva Enterprises Limited's wholly-owned subsidiary, Simandhar Impex Limited, has announced significant changes to its corporate structure, including the appointment of a new chairperson and the formation of key board committees.

New Leadership and Committee Structure

The company has appointed Harsh Vora as its new Chairperson, marking a notable change in its top leadership. Alongside this appointment, Simandhar Impex has constituted three essential board committees:

These committees are crucial for ensuring good corporate governance, overseeing financial reporting, managing stakeholder relations, and handling nomination and remuneration matters.

Additional Appointments

In addition to these structural changes, Simandhar Impex Limited has appointed JSD & Associates as its Secretarial Auditors for the financial year 2025-26. This appointment underscores the company's commitment to maintaining compliance with regulatory requirements.

Corporate Restructuring Context

These changes come in the wake of a significant corporate restructuring involving Parshva Enterprises Limited and Simandhar Impex Limited. The National Company Law Tribunal, Mumbai Bench, has recently approved a Scheme of Arrangement between the two companies.

The scheme involves the demerger of Parshva Enterprises Limited's Jewellery Business to Simandhar Impex Limited. This strategic move is aimed at allowing each business to have focused management and independent growth strategies, potentially leading to enhanced value creation for stakeholders.

Implications for Stakeholders

These developments signal a new phase for Simandhar Impex Limited, with a restructured leadership and governance framework. Shareholders and other stakeholders will be keenly watching how these changes impact the company's operations and performance in the jewellery sector.

As the company moves forward with its new structure, the market will be observing how effectively it leverages these changes to drive growth and create value in the competitive jewellery market.