Ref: Composite Scheme of Arrangement
September 1, 2022 has been fixed as the Demerger Record Date for the purpose of ascertaining
the Shareholders of the Company who would be entitled to receive equity shares of PPL in accordance with the Scheme.
4 (Four) fully paid up equity shares of face value of Rs. 10/- each of PPL are proposed to
be issued and allotted to the eligible shareholders of the Company whose names appear in the register of members as on the Demerger Record Date, for every 1 (One) equity share of face value of Rs. 2/- each held in the Company.
The equity shares, proposed to be allotted by PPL, are proposed to be listed with the BSE Limited and National Stock Exchange of India Limited, subject to necessary regulatory approvals, in terms of the relevant provisions of the circular no. CFD/DIL3/CIR/2017/21 dated March 10, 2017 issued by SEBI, as amended, from time to time.
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