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Sunteck Realty Ltd — M&A Activity 2024
Aug 2, 2024
62284_rns_2024-08-02_8dfa68df-8b1b-47d3-a150-458646ff4b4a.pdf
M&A Activity
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Sunteck Realty Ltd.
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SRL/SE/28/24-25
Date: 2[nd] August, 2024
National Stock Exchange of India Ltd
Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol: SUNTECK
BSE Limited
Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001 Scrip Code: 512179
Dear Sir/ Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)
- Re: Update on the Scheme of Amalgamation of Starlight Systems (I) Private Limited (‘Starlight’ or ‘Transferor Company’) (Wholly Owned Subsidiary) with Sunteck Realty Limited and their respective shareholders (‘the Company’ or ‘Transferee Company’) (‘Scheme’)
This is in continuation to our letter dated 31[st] July, 2024, with respect to the order passed by Hon’ble National Company Law Tribunal (‘NCLT’), Mumbai approving the Scheme of Amalgamation of Starlight with the Company and their respective shareholders ('the Scheme').
In this regard, we wish to inform you that the Company has received the Certified True Copy of the aforesaid order on 1[st] August, 2024. Further, Starlight has filed the certified copy of the NCLT order with the Registrar of Companies on 1[st] August, 2024 and the Company has filed the certified copy of the NCLT order with Registrar of Companies on 2[nd] August, 2024.
The Scheme has become operative and effective from today i.e. 2[nd] August, 2024. The Scheme having become effective, the Transferor Company stands dissolved without being wound up.
Further in terms of the Scheme, the Memorandum of Association of the Company stands amended. The authorized share capital of ₹ 1,00,000/- of the Transferor Company stands merged with the authorized share capital of the Company. Consequently, the authorized share capital of the Company will be ₹ 21,00,11,000/-.
5[th] Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai 400057. Tel: +91 22 4287 7800 Fax: +91 22 4287 7890
Website: www.sunteckindia.com CIN: L32100MH1981PLC025346 Email Id: [email protected]
Sunteck Realty Ltd.
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Since the Transferor Company was the wholly owned subsidiary of the Transferee Company, upon the Scheme becoming effective no shares of the Transferee Company have been allotted in lieu or exchange of the holding of equity shares in the Transferor Company, and accordingly there is no change in the issued, subscribed, and paid-up share capital of the Company pursuant to the Scheme coming into effect.
This is for your information and records.
Thanking You.
Yours sincerely,
For Sunteck Realty Limited
RACHANA Digitally signed by RACHANA VIPUL VIPUL HINGARAJIA HINGARAJIA Date: 2024.08.02 17:06:00 +05'30'
Rachana Hingarajia Company Secretary (ACS: 23202)
5[th] Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai 400057. Tel: +91 22 4287 7800 Fax: +91 22 4287 7890 Website: www.sunteckindia.com CIN: L32100MH1981PLC025346 Email Id: [email protected]