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Gland Pharma replaces Meghmani Organics in BSE indices - The Hindu BusinessLine


Gland Pharma replaces Meghmani Organics in BSE indices
May 12, 2021
Meghmani to demerge agrochemical biz
Gland Pharma will replace Meghmani Organics in S&P BSE 500 and S&P BSE 400 MidSmallcap Index with effect from May 18, as the latter is demerging its agrochemical and pigment undertaking into Meghmani Organochem Ltd.
Subsequently, the remaining business of Meghmani Organics will be amalgamated with Meghmani Finechem Limited from May 18.
Meghmani Organochem will issue and allot one equity share to the shareholders of Meghmani Organics for every 1 share held by shareholder.
Upon the scheme becoming effective Meghmani Finechem will allot 94 equity shares to the shareholders of Meghmani Organics Limited in for every 1,000. ....

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Meghmani Organics fixes record date for composite scheme of arrangement


Record date is 19 May 2021Meghmani Organics has fixed 19 May 2021 as record date for purpose of composite scheme of arrangement to determine eligibility of shareholders of Meghmani Organics (Company), who will be entitled to receive -
a) fully paid equity shares of Re. 1/- each of Meghmani Organochem
(Resulting Company), in the ratio of 1:1 as mentioned in the Scheme approved by Hon ble NCLT, Ahmedabad Bench vide its order dated 3 May 2021; and
b) fully paid equity shares of Rs. 10/- each of Meghmani Finechem
(Transferee Company), in the ratio of 94:1000 as mentioned in the Scheme approved by Hon ble NCLT, Ahmedabad Bench vide its order dated 3 May 2021. ....

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Meghmani Organics receives NCLT approval for scheme of arrangement


Meghmani Organics announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench has approved the composite scheme of arrangement between Meghmani Organics (demerged company) and Meghmani Organochem (resulting company) and Meghmani Finechem (transferee company) on 03 May 2021 and has been uploaded on the NCLT website on 04 May 2021.
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Volumes jump at ICICI Bank Ltd counter


ICICI Bank Ltd saw volume of 33.64 lakh shares by 10:48 IST on BSE, a 3.27 fold spurt over two-week average daily volume of 10.29 lakh shares
Meghmani Organics Ltd, Divis Laboratories Ltd, Indostar Capital Finance Ltd, Syngene International Ltd are among the other stocks to see a surge in volumes on BSE today, 15 March 2021.
ICICI Bank Ltd saw volume of 33.64 lakh shares by 10:48 IST on BSE, a 3.27 fold spurt over two-week average daily volume of 10.29 lakh shares. The stock dropped 2.21% to Rs.599.30. Volumes stood at 11.87 lakh shares in the last session.
Meghmani Organics Ltd recorded volume of 17.33 lakh shares by 10:48 IST on BSE, a 3.22 times surge over two-week average daily volume of 5.38 lakh shares. The stock gained 13.52% to Rs.118.00. Volumes stood at 12.98 lakh shares in the last session. ....

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