We wish to inform you that M/s. Karvy Computershare Private Limited (the Company’s Share Transfer Agent) has intimated us of the Order passed by the Hyderabad Bench of the National Company Law Tribunal (NCLT Order) approving the composite scheme of arrangement and amalgamation between M/s. Karvy Consultants Limited (demerged company), M/s. Karvy Computershare Private Limited (transferor company) and M/s. Karvy Fintech Private Limited (resulting company). As per the said Scheme, the operations of Karvy Computershare Private Limited have been transferred to Karvy Fintech Private Limited with effect from 17th November 2018.
The Company has been further informed that pursuant to the NCLT Order, all the existing agreements to which KCPL is a party including the RTA agreements entered into with the Company shall be in full force and vest with Karvy Fintech Private Limited.
Members are informed that pursuant to SEBI (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018 effective 1st April 2018, requests for effecting transfer of securities in physical form cannot be processed by the Company unless the securities are held in the dematerialized form with a depository. Hence, investors are requested to consider dematerializing their physical holdings into demat form.