Prakash Industries Ltd. — Capital/Financing Update 2019

Jun 13, 2019

Prakash Industries Limited

Srivan, Bijwasan, New Delhi - 110061 CIN : L27109HR1980PLC010724 Tel. : 25305800, 28062115 Fax: 91-11-28062119 E-mail : pilho@prakash.com Website : www.prakash.com

PIL/SE/MIS/2019

Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1 G Block,Bandra-Kurla Complex, Bandra (E) Mumbai - 400051

13th June, 2019

Listing Department BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001

Company Symbol : PRAKASH

Company Code : 506022

Sub.: Listing and Trading of Equity Shares of Prakash Pipes Limited (PPL)

Dear Sir,

We wish to inform you that we have received a communication from Prakash Pipes Limited in respect of Listing and Trading of Equity Shares of the Company on the BSE Ltd. and National Stock Exchange of India Ltd. w.e.f. 14th June, 2019. A copy of the said communication is enclosed for your reference.

This is for information of your members and all concerned.

Further, please note that this intimation I disclosure is not a requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 or other applicable laws.

Thanking you ,

Yours faithfully, For Prakash Industries Limited

ISO : 9001 :2015 ISO : 22000:2005 BRC : GRADE 'A'

Prakash Pipes Limited

Srivan, Bijwasan, New Delhi -110061 CIN : U25209PB2017PLC046660 Tel. : 25305800, 28062115 Fax: 91-11-28062119 E-mail : pplho@prakash.com Website : www.prakashplastics.in

Date: 13/06/ 2019

To,

Mr. Ashw ini Kumar Company Secretary Prakash Industries Limited Srivan, Bijwasan, New Delhi - 110061

Sub: listing/ Trading of Equity Shares of Prakash Pipes Limited, in pursuance to the Scheme of Arrangement between Prakash Industries Limited and Prakash Pipes Limited and their respective shareholders and creditors sanctioned by Hon'ble NCL T, Chandigarh

Dear Sir,

You kind attention is drawn to the Clause 12.8 of the sanctioned Scheme of Arrangement between Prakash Industries Limited and Prakash Pipes Limited and their respective shareholders & creditors and in compliance thereof, we are pleased to inform you that BSE and NSE have issued Circular I Notice on June, 2019 regarding Listing/ Trading of 2,04,18,354 Equity Shares of the Company w.e.f. June 14, 2019. Copy of NSE Circular No.0484/2019 dated June 12, 2019 and BSE Notice No.20190612-18 dated June 12, 2019 are enclosed for your information and necessary record.

Thanking you,

Yours faithfully, For PRAKASH PIPES LIMITED

PAWAN KUMAR C~mpany Secretary

Encl.: As above

NOTICES

Notice No.	20190612-18	Notice Date	12 Jun 2019
Category$\rightarrow$	Company related	Segment	Equity
Subject	Listing of Equity Share's of Prakash Pipes Limited.
Attachments	Annexure Lpdf
Content

Trading Members of tne Exchange are hereby informed that effective from Friday, June 14. 2019, the equity shares of Prakash Pipes L1m1ted shall be hstod and aom.tted to dealings on the Exchange 10 the list of T Group of Secunt1es

Further, tradmQ in the scrip shall continue to remain in Trade·for·Trade segment till further notice smce minimum of 100% of the promoter shareholding of the company 1s not in demat form. as per extant SEBI guidelines.

Members are requested to note that the above security will be a part of speclal pre·open session for IPO and Other category of scrip's as per SEBI circular no. CIR/MRO/OP/0112012 & CIR/MRO/DP/0212012 d•ted J•nuary 20, 2012.

For further information on SPOS, the trading members are requested to refer lo the Exchange's notice no 20120216·29 on Enabling Special Pre.open Session for IPO's & Rehsted Scrips For any clarificatK>n on SPOS. the trading members may please contact lhe Helpdesk on 022~136 3100 / 6136 3171.

Name of the Company			Prakash Pipes Limited
Registered Office		Darjiyan Wali Gali, Rayya Teh- Baba Bakala,Amritsar, Punjab- 143112Tel: +91 1853 500 435Email Id: pplho@prakash.comWebsite: www.prakashplastics.in
Company Secretary8FCompliance Officer		Mr. Pawan KumarMob. No: +91 9990760046Email ID: pawank@prakash.com
Securities		2,04,18,354 Equity shares of Rs. 10/- eachallotted pursuant to Scheme of Arrangement.
Distinctive numbers	1-20418354
Scrip Code		542684
Group
Market Lot
Face Value & Paid up value		Rs. 10/- each fully paid
Scrip ID on BOLT System		PPL
Abbreviated name on BOLT		PPL
ISIN No.		INE050001010
Lock in		Quantity	Distinctive No.	Lock in upto
		247406	1116099 to1363504	09/09/2021
		65860	1392178 to1458037	31/03/2020

1 The bnef part.iculars of the Scl\ame of Arrangement are as mentioned below

a) The Scheme of Arrangement of die Company was approved by the Honble National Company Law Tubunal (NCL T) al Chandigarh v1de 1ls Order dated 14 03.2019

b) Appointed Date: 01 04 20 18

c) Effective date: 15.04.2019

d) Date of Alfo1men1. 25.04.2019

e) Pursuant to the Scheme of Arrangement between Prakash lndustnes L1m1ted (Oemerged Company) and Prakash Pipes L1m1ted (Resulting Company) and their respective Shareholders and Creditors as sanctioned by the Chandigarh Bench of the Hon'ble Nabonal Company Law Tribunal; whereby upon coming into effect or the scheme and in consideration of the transfer and vesting of PVC Pipes undertaking {Oemerged Undertaking) of Demerged Company into Resulting Company; Resulting Company shall issue and allot in the ratio of 1 {One) fully paid-up equity shares or Rs.10/- each for every 8 (Eight) fully paid-up equity shares of Rs.10/- each held in Oemerged Company.

Prior to the Scheme. the equity capital of Resulting Company was Rs 1,00,000/· consisting of 10,000 equity shares of face value or Rs.101. each and the same shall stand cancelled upon the scheme coming effect.

The issued, subscribed and paid·up equity capital of Resuttmg Company post arrangement is Rs. 20.41.83,540/· conS1st1ng of 2.04.18,354 Equny shares Rs 10/· each

1. As per Exchange Notice No.20190412-42 dated 12.04.2019. Prakash Industries Limited had fixed Record date as 24.04.2019 for giving effect to the Scheme of Arrangement.

• 3. The Information Memorandum containing all the information about the company can be viewed at https:/lwww.bseindia.com/corporates/soa.aspx
• 4. The name and address of the registrar and share transfer agent of the company is as mentioned below:

Prakash Pipes Limited Address- ·snvan'. Near IOC Petro Pump, Najafgarh Road, B1jwasan. New Oelhi·110061 Tel: +91 11 2530 5800 Fax: •911128062119 E-mail ID: pplho@prakash.com Website: www prakashplast1cs in

5. The shareh~lding pattern of the company post scheme of arrangement is enclosed as Annexure-1.

Nitinkumar Pujari Senior Manager

National Stock Exchange Of India Limited

1Department : Listing1 • ,II'••
Download Ref No: NSE/CML/41291	Date: June 12, 2019
Circular Ref. No: 0484/2019

To All Members,

S.ub: Listing of Equity Shares of Prakash Pipes Limited pursuant to the Scheme of Arrangement

In pursuance of Regulation 3.1. 1of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from June 14. 2019 and the designated security codes thereof shall be as specified in Annexure.

ll,1 pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure. For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.

Members are requested to note that the above security will be part of pre-open session as per SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012.

This circular shall be effective from June 14, 2019.

For and on behalf of National Stock Exchange of India Limited

Harshad Dharod Manager

Telephone No 18002660058

Regd. Office : National Stock Exchange of India Limited I Exchange Plaza. C-1. Block G, Sandra Kurla Complex. Sandra (El. Mumbai - 400051. India •9122 26598100 I www.nsemdia.com I CIN U67120MH1992PLC069769

Annexure

Symbol	PPL
Name of the Company	Prakash Pipes Limited
Series	BE - Trade for Trade *
Security Description	Equity shares of I 01- each allotted pursuant to Scheme of
	Arrangement
!SIN	INE050001010
Face Value	I 01-
Paid-up Value	I 01-
No. of securities	204 18354
Distinctive number range	I to 204 18354
Market lot	I
Pari Passu	Yes
Lock-in details	No. of Shares	Distinctive No.	Lock-in upto date
	247406	13635041116099 -	09-Sep-2021
	65860	1392178- 1458037	31-Mar-2020

1. Prakash Pipes Limited

*.Note: Currently the securities shall be available for trading in Series 'BE' till further notice.

Registered Office Address:	Registrar and Share Transfer Agent:
Prakash Pipes Limited	Prakash Pipes Limited
Darjiyan Wali Gali, Rayya Teh - Baba Bakala,	ajafgarh Road,Srivanear IOC Petrol Pump,
Amritsar -143 11 2	Bijwasan. New Delhi -110 06 1
Telo.: +91 1853 500435	Tel No.: +91 11 2530 5800
	Fax: +91 11 2806 2119
(orporate Office Address
PetrolNajafgarhSrivan NearIOCPump,	Website: \\\ .prakashplastics.in
Road, Bijwasan, New Delhi -110061	Email: pplho@prakash. com
Contact Person -Mr. Pawan Kumar
Website: "' ""'" .praka~hplastics. in
Email: oawank@nrakash.com

The brief particulars of the Scheme of Arrangement are as mentioned below:

• a) The Hon'ble National Company Law Tribunal, Chandigarh Bench vide its order dated March 14 ,2019 has approved the Scheme of Arrangement between Prakash Industries Limited (Demerged Company) and Prakash Pipes Limited (Resulting Company) and their respective shareholders and creditors.
• b) Appointed Date: April 0I,20 18.
• c) Effective date: April 15, 2019.
• d) Date of Allotment: April 25, 2019.

e) The Scheme of Arrangement between Prakash Industries Limited (Demerged Company) and Prakash Pipes Limited (Resulting Company) and their respective shareholders and creditors. The "PVC Pipe Undertaking" of Demerged Company has been transferred and vested in the Resulting Company on a going concern basis. In consideration of the demerger, the "Resulting Company" has issued and allotted " 1 (One) fully paid up equity share of INR 10 (Indian Rupees Ten) each of the Resulting Company, credited as full y paid up, for every 8 (Eight) equity shares of INR I 0 (Indian Rupees Ten) each of the Demerged Company" .