Chembond Chemicals Limited has made a public announcement regarding the scheme of arrangement between Chembond Chemicals Limited (Parent Company or Demerged Company) and Chembond Chemical Specialties Limited (Child Company or Resulting Company). This scheme of arrangement was approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. For the purpose of this corporate action, 9 May 2025 is the record date.
As per the scheme of arrangement, 2 equity shares of ₹5 each fully paid-up of the Resulting Company will be issued for every 1 equity share of ₹5 each fully paid-up held by equity shareholders of the Demerged Company.
In other words, if you held 100 shares of Chembond Chemicals Limited as on the record date, you will receive 200 shares of Chembond Chemical Specialties Limited.
The company is currently unlisted, but you can see the shares in the unlisted section of your portfolio. Trading will be possible once the company applies for listing. Your portfolio will update with the adjusted price between Chembond Chemicals Limited and the new Chembond Chemical Specialties Limited once the Cost of Acquisition (COA) is declared.
What do you think about this order by the NCLT? Feel free to use this thread to discuss.