Precious Trading & Investments: Announcement under Regulation 30 (LODR)-Scheme of Arrangement

This is to inform you that Scheme of Merger of Precious Trading & Investments Ltd. (PTIL or the Transferor Co.) with Sheth Developers Pvt. Ltd. (SDPL or the Transferee Co.) has been sanctioned by the Honble NCLT Mumbai Bench vide its Order dated 22 March 2021. The web copy of aforesaid order has been received by the Co. on 22 March 2021. We have enclosed a copy of Order passed by Honble NCLT for your ready reference. Copy of Order is also available on the website of the Co. i.e. www.ptil.co.in

Further consequent to receipt of approval of Honble NCLT to Scheme of Merger Board of Directors of SDPL at their meeting held on 23/03/2021 has fixed 5th April 2021 as Record Date for the purpose of ascertaining the name of equity shareholders of PTIL who will be eligible to receive 1 231 Unlisted 10% Redeemable Cumulative Non-participating & Non-convertible preference shares of Rs. 10/- each of SDPL for one equity share of Rs. 10/- held in PTIL as per the Scheme of Merger.