Splendid Metal Products Ltd  vide its announcement dated 19th June, 2021 and 14th May, 2021 had informed the Exchange regarding approval of the Resolution Plan by the Hon’ble National Company Law Tribunal (NCLT) , Hyderabad Bench vide its Order dated April  08, 2021 :

As an integral part of the approved Resolution Plan and with effect from the date of NCLT Order, the equity shares of the Company will stand delisted in accordance with the NCLT Order read with Regulation 3(3) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009. The Liquidation Value of the Company is not sufficient to cover debt of the Financial Creditors of the company in full. Therefore, in terms of the provisions of Sec 30(4) of the Insolvency and Bankruptcy Code 2016, the Liquidation Value of the Equity shareholder being NIL, the Equity shareholders will not be entitled to receive any payment and hence no offer will be made to any shareholder of the Company, as per the terms of the Resolution Plan. 

Trading Members are requested to take note, that the trading in the equity shares of the  Company, as per details given below,  is already under suspension and shall continue to remain under suspension, so as to avoid any market complications : 

  Mangesh Tayde

Assistant General Manager – Listing Operations (CRD)

 June 22, 2021