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Meghmani Organics will hold a meeting of the Board of Directors of the Company on 10 August 2021.

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Navin Fluorine International Limited, Morepen Laboratories Ltd, Coforge Ltd and Magma Fincorp Ltd are among the other losers in the BSE's 'A' group today, 10 May 2021.

Meghmani Organics Ltd crashed 6.11% to Rs 137.55 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.38 lakh shares were traded on the counter so far as against the average daily volumes of 4.79 lakh shares in the past one month.

Navin Fluorine International Limited tumbled 4.41% to Rs 3221.9. The stock was the second biggest loser in 'A' group.On the BSE, 24283 shares were traded on the counter so far as against the average daily volumes of 19193 shares in the past one month.

Morepen Laboratories Ltd lost 4.37% to Rs 59.1. The stock was the third biggest loser in 'A' group.On the BSE, 27.72 lakh shares were traded on the counter so far as against the average daily volumes of 22.37 lakh shares in the past one month.

Coforge Ltd shed 4.11% to Rs 3238.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 22.81 lakh shares were traded on the counter so far as against the average daily volumes of 34968 shares in the past one month.

Magma Fincorp Ltd slipped 3.87% to Rs 135.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 5.6 lakh shares were traded on the counter so far as against the average daily volumes of 27.56 lakh shares in the past one month.

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Meghmani Organics has fixed 19 May 2021 as record date for purpose of composite scheme of arrangement to determine eligibility of shareholders of Meghmani Organics (“Company”), who will be entitled to receive -
a) fully paid equity shares of Re. 1/- each of Meghmani Organochem (“Resulting Company”), in the ratio of 1:1 as mentioned in the Scheme approved by Hon'ble NCLT, Ahmedabad Bench vide its order dated 3 May 2021; and
b) fully paid equity shares of Rs. 10/- each of Meghmani Finechem (“Transferee Company”), in the ratio of 94:1000 as mentioned in the Scheme approved by Hon'ble NCLT, Ahmedabad Bench vide its order dated 3 May 2021.

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Meghmani Organics announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench has approved the composite scheme of arrangement between Meghmani Organics (demerged company) and Meghmani Organochem (resulting company) and Meghmani Finechem (transferee company) on 03 May 2021 and has been uploaded on the NCLT website on 04 May 2021.

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