The Hon'ble Tribunal vide its order dated March 14, 2019 ("Order"}, sanctioned the said Scheme which provides for the demerger of Company's business of PVC Pipes & Fittings and Flexible Packaging into Prakash Pipes Limited.
The certified copy of the Order from the Hon'ble Tribunal is awaited.
The Appointed Date for the Demerger is April 01, 2018.
The Company shall soon notify the Effective Date of Demerger and the Record Date for determining the entitlement of shareholders to whom Prakash Pipes Limited will allot shares consequent to the demerger.
Shares of PRAKASH INDUSTRIES LTD. was last trading in BSE at Rs.90.9 as compared to the previous close of Rs. 92.05. The total number of shares traded during the day was 472934 in over 631 trades.
The stock hit an intraday high of Rs. 93.7 and intraday low of 90.55. The net turnover during the day was Rs. 43261241.