The Management of Apar Industries Ltd has decided to shift the Registry activities of the Company from its present Registrar and Share Transfer Agent, M/s. MCS Share Transfer Agent Limited., Kolkata to M/s. Link Intime India Pvt. Ltd., Mumbai and therefore the Memorandum of Understanding (MOU) executed between the said RTA and the Company shall stand terminated / discontinued.
Further, MCS Share Transfer Agent Limited vide their NOC dtd. February 17, 2016 have intimated to Company that till such time the database and electronic connectivity is shifted to the new R&T Agent by CDSL and NSDL, they shall continue to provide share registry services to the Issuer (Company).
The Company presently is in the process of entering into Memorandum of Understanding (MOU) with the new RTA viz. Link Intime India Pvt. Ltd., Mumbai.