Parshva Enterprises Limited (PEL) has announced a Scheme of Arrangement (Demerger) between Parshva Enterprises Limited (Demerged Company) and Simandhar Impex Limited (Resulting Company).
This scheme of arrangement was approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, through its order dated 13 October 2025.
Here’s what it means for shareholders
Revised Record Date: 5 November 2025 (earlier fixed as 29 October 2025)
Exchange Ratio:
3 fully paid-up equity shares of ₹10 each of Simandhar Impex Limited (Resulting Company)
for every 10 fully paid-up equity shares of ₹10 each held in Parshva Enterprises Limited (Demerged Company)
For example, if you held 1,000 shares of Parshva Enterprises Limited as on the record date, you will receive 300 shares of Simandhar Impex Limited.
The resulting company’s shares, Simandhar Impex Limited, are proposed to be listed on BSE Limited, subject to regulatory approvals.
Until then, these shares will appear under the unlisted section of your demat account and will be tradable after listing.
The average buy price of your existing Modern Insulators holdings will be updated after the company announces the Cost of Acquisition (COA) post-demerger.
This corporate restructuring aims to:
- Simplify the company’s business structure,
- Create independent, focused growth opportunities, and
- Align shareholder value with business performance.
What do you think about this order by the NCLT? Feel free to use this thread to discuss.