Simandhar Impex Promoters Acquire 74.64% Stake Through Demerger Scheme
Simandhar Impex Limited's promoter group has acquired a 74.64% stake (22,81,615 equity shares) in the company through a demerger scheme with Parshva Enterprises Limited. The acquisition was approved by the NCLT Mumbai Bench and implemented under Sections 230-232 of the Companies Act, 2013. Post-demerger, Simandhar Impex's total share capital stands at ₹3,05,69,250, consisting of 30,56,925 equity shares with a face value of ₹10 each. The transaction complies with SEBI regulations and has been disclosed to BSE Limited.
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Simandhar Impex Limited's promoter group has successfully acquired a substantial stake in the company through a demerger scheme with Parshva Enterprises Limited. The acquisition represents a significant corporate restructuring that has resulted in the promoters holding a majority position in the listed entity.
Acquisition Details
The substantial acquisition disclosure filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals the following key details:
| Parameter | Details |
|---|---|
| Shares Acquired | 22,81,615 equity shares |
| Stake Percentage | 74.64% |
| Mode of Acquisition | Allotment pursuant to Scheme of Arrangement (Demerger) |
| Approval Authority | NCLT Mumbai Bench |
Demerger Scheme Structure
The acquisition occurred through a comprehensive demerger arrangement between Parshva Enterprises Limited (Demerged Company) and Simandhar Impex Limited (Resulting Company). The scheme was implemented under Sections 230-232 of the Companies Act, 2013, ensuring full regulatory compliance.
Key aspects of the demerger include:
- Pre-Scheme Capital: 10,000 equity shares of ₹10 each held by Parshva Enterprises
- Post-Scheme Capital: 30,56,925 equity shares of ₹10 each
Current Share Capital Structure
Following the completion of the demerger, Simandhar Impex Limited's capital structure has been significantly restructured:
| Component | Details |
|---|---|
| Total Equity Shares | 30,56,925 shares |
| Face Value per Share | ₹10.00 |
| Total Share Capital | ₹3,05,69,250.00 |
| Promoter Holding | 22,81,615 shares (74.64%) |
Promoter Group Composition
The promoter group of Simandhar Impex Limited comprises multiple entities and individuals, with Prashant Avantilal Vora leading as the primary promoter. The group includes various family members and associated entities, collectively holding the majority stake in the company.
Regulatory Compliance
The transaction has been conducted in full compliance with regulatory requirements, including proper disclosure under SEBI takeover regulations. The company has filed all necessary documents with BSE Limited and maintained transparency throughout the demerger process.
The successful completion of this demerger scheme marks a significant milestone in Simandhar Impex Limited's corporate journey, establishing a clear promoter-led ownership structure while ensuring compliance with all applicable regulations and listing requirements.
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