| Resolution Plan - Reduction of Share Capital & suspension of trading in equity shares of DIGJAM Ltd. (Scrip Code 539979). |
Trading members of the Exchange are hereby informed that, DIGJAM Ltd. has fixed the Record Date for the purpose of the Reduction of share capital of the Company as per the resolution plan approved by the Hon’ble National Company Law Tribunal, Ahmedabad Bench:
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COMPANY NAME &
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS FROM
DATE &
SETT. NO.
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DIGJAM Ltd. (539979)
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20/11/2020
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As per Para 4.8.2 of the Resolution Plan approved by Hon’ble NCLT) under provision of Insolvency & Bankruptcy Code 2016
Reduction of Share Capital::
At present, the paid-up Equity Share Capital of the Company is Rs 87,64,16,210 consisting of 8,76,41,621 Equity Shares of Rs. 10 each. As per the approved Resolution Plan, the existing Equity Shares of Promoters and Promoters Group aggregating to 2,75,27,589 shall stand extinguished and the balance 6,01,14,032 no. of Equity Shares held by public shall be written down by about 96.67% i.e. by cancellation of 5,81,14,032 equity shares leaving a balance of only 20,00,000 Equity Shares to be held by the public on a proportionate basis..
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19/11/2020
DR- 162/2020-2021
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Mangesh Tayde
Assistant General Manager –Listing Operations (CRD)
November 11,2020 |