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Balkrishna Industries Ltd has informed BSE that pursuant to Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 between Balkrishna Industries Ltd (BIL) and Balkrishna Paper Mills Ltd (BPML) and Nirvikara Paper Mills Ltd (NPML) and their respective shareholders and creditors sanctioned by the High Court of Judicature at Bombay vide Order dated December 19, 2014 became effective from February 10, 2015. On March 31, 2015, NPML has allotted one fully paid up Equity share of Rs. 10/- each of NPML for every nine fully paid equity shares held in BIL to those shareholders of BIL who hold the shares on March 25, 2015, being Record Date.
Source : BSE - >www.bseindia.com
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