Chembond Chemicals Ltd (CHEMBOND) announced an update on its Composite Scheme of Arrangement on 12 Mar 25. The scheme involves Chembond Chemicals Ltd, Chembond Chemical Specialties Ltd, Chembond Clean Water Technologies Ltd, Chembond Material Technologies Private Ltd, Phiroze Sethna Private Ltd, and Gramos Chemicals (India) Private Ltd.

Key details of the scheme:

• Shareholders of Chembond Chemicals will receive 2 shares of Chembond Chemical Specialties Ltd for every 1 share held in Chembond Chemicals (1:2 share exchange ratio).
• The National Company Law Tribunal (NCLT) has reserved its order on the scheme on 7 Mar 25.
• Chembond Clean Water Technologies Ltd, Chembond Material Technologies Private Ltd, Phiroze Sethna Private Ltd, and Gramos Chemicals (India) Private Ltd would be dissolved without being wound up upon the scheme becoming effective.
• Physical shareholders are requested to dematerialize their shares and submit demat account details at least 7 days prior to the record date.
• The record date will be announced later after receiving the NCLT order copy.