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With reference to earlier disclosure dated January 1, 2024 and January 4, 2024, in connection with sanctioning of the Scheme of Amalgamation amongst The Tinplate Company of India (‘Company’/’TCIL’) and Tata Steel and their respective shareholders (‘Scheme of Amalgamation’), by the Hon’ble National Company Law Tribunal, Kolkata Bench (‘Hon’ble NCLT’) vide its Order dated January 1, 2024, under the provisions of Sections 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013 read with the Rules framed thereunder, Tinplate Company of India has informed that the Board of Directors of the Company (‘Board’) has taken on record the Order dated January 1, 2024 of the Hon’ble NCLT sanctioning the Scheme of Amalgamation and has in terms of the Scheme of Amalgamation, approved Friday, January 19, 2024 as the Record Date for the purpose of determining the shareholders of TCIL who shall be entitled to receive fully paid-up equity shares of Tata Steel in the share exchange ratio. In terms of the Scheme of Amalgamation Tata Steel will issue and allot fully paid-up ordinary equity shares to all those shareholders of the Company whose names would appear in the Register of Members on the Record Date i.e., Friday, January 19, 2024, in the ratio of 33 (thirty-three) fully paid-up equity shares of ?1 each for every 10 fully paid-up equity shares of ?10 each held by such member in the Company. This disclosure is being made in terms of Regulation 42 read with Regulation 30 of the Listing Regulations.

The above information is a part of company’s filings submitted to BSE.

Tinplate Co-Amalgama Share Price

430.45 0.00 (0.00%)
18-Jan-2024 16:59 View Price Chart
Peers
Company Name CMP
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