Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
This is with reference to the intimation received by the Company from Brett Plastics Private Limited, a promoter group entity that:
In terms of scheme of arrangement / merger as approved by Hon’ble NCLT, Mumbai Bench under the provisions of the Companies Act, 2013, the Sonymike’s Holdings Limited (Transferor Company), a promoter group entity of Vaibhav Global Limited (Target Company), holding 99,18,640 Equity Shares representing 30.42% shareholding/voting capital of target Company, has merged with Brett Plastics Private Limited (Transferee Company) w.e.f. 29th May, 2018 (Effective date of merger).
Pursuant to aforesaid merger, the shareholding of Brett Plastics Private Limited has increased from 83,34,124 Equity Shares, representing 25.56% shareholding/voting capital of Target Company to 1,82,52,764 Equity Shares, representing 55.99% of shareholding /voting capital of Target Company. Consequently, the Brett Plastics Private Limited has become the Holding Company of the target Company.