Ref No: SEC/NSE/BSE/2021-22 | |
To, | March 20, 2022 |
The Manager, Capital Market (Listing) | The Corporate Relationship Dept. |
National Stock Exchange of India Ltd. | BSE Limited |
Exchange Plaza, 5th Floor, | 1st Floor, New Trading Ring, |
Plot No : C/1 , G Block | Rotunda Building, P.J.Towers, |
Bandra Kurla Complex | Dalal Street, Mumbai-400001 |
Bandra (E), Mumbai-400051 | Stock Code: Equity 502742 |
Stock Code: Equity - Sintex EQ | |
Debt Security Code : 950353, 951037, 952870 |
Sub: Intimation of conclusion of e-voting of approval of Resolution Plan by the
Committee of Creditors (CoC)
Dear Sir/Madam,
As informed vide letter dated 02.03.2022, all four compliant Resolution Plans submitted by four Resolution Applicants were put for e-voting for approval by the CoC members in accordance with Section 30(4) of the Insolvency and Bankruptcy Code, 2016 (Code) read with Regulation 39(3) of the CIRP Regulations.
The e-voting on approval of Resolution Plan was concluded yesterday i.e. 19.03.2022 at
10.00 p.m. and the resolution plan submitted by Reliance Industries Limited jointly with Assets Care & Reconstruction Enterprise Limited has been duly approved by the 100% CoC members under Section 30(4) of the Code as the successful resolution plan subject to approval of Hon'ble NCLT Ahmedabad.
As per Resolution Plan of Reliance Industries Limited jointly with Assets Care & Reconstruction Enterprise Limited it is proposed that existing share capital of the Company shall be reduced to Zero and the Company will be delisted from the stock exchanges i.e. BSE and NSE.
The Interim Resolution Professional is in the process of filing an application in accordance with Section 30(6) of the Code for approval of the said Resolution Plan by the Hon'ble NCLT and intimation of the same shall be given to the members as required.
You are requested to take the above information on record.
Thanking you,
Yours faithfully,
For, Sintex Industries Limited
(A Company under Corporate Insolvency Resolution Process by NCLT, Ahmedabad bench vide order dated 06.04.2021)
Company Secretary
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Sintex Industries Limited published this content on 20 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2022 06:27:04 UTC.