Parshva Enterprises Ltd — Others, 16-05-2025: AGM/EGM

Parshva Enterprises Ltd. has announced a board meeting to convene a shareholders’ meeting via video conferencing to approve a Scheme of Arrangement between itself (the de-merged company) and its wholly-owned subsidiary Simandhar Impex Ltd. (the resulting company). The scheme involves de-merging Parshva’s Jewellery Business Undertaking into Simandhar Impex on a going concern basis, effective from April 1, 2024. Shareholders of Parshva will receive three fully paid equity shares of Simandhar Impex for every ten shares held in Parshva. Post-scheme, Parshva will focus on Real Estate and Cut & Polished Diamonds businesses, while Simandhar Impex will operate the Jewellery business independently. This reorganization aims to streamline operations, enhance business focus, create value through independent management, and improve shareholder visibility and liquidity. The scheme has been approved by the boards of both companies and is subject to shareholder and regulatory approvals. Voting will be held electronically with detailed instructions provided for remote and meeting-time voting. No investigation or winding-up proceedings are pending against either company. Directors and key personnel hold no interest in the scheme beyond their shareholdings and roles.