Precious Trading & Investments: (1) Sanction Of The Scheme Of Merger Of Precious Trading & Investments Limited ('The Transferor Company') With Sheth Developers Private Limited ('The Transferee Company') & Their Respective Shareholders ('The Scheme') And
(2) Fixing Of Record Date

This is to inform that Scheme of Merger of Precious Trading & Investments Ltd. (PTIL or Transferor Co.) with Sheth Developers Pvt. Ltd. (SDPL or Transferee Co.) has been sanctioned by Honble NCLT Mumbai Bench vide its Order dated 22/03/2021. The webcopy of order has been received by Co. on 22/03/2021. We have enclosed copy of Order of Honble NCLT. The copy of Order is also available on website of Co. i.e. www.ptil.co.in
Further consequent to receipt of approval of Honble NCLT to Scheme of Merger the Board of Directors of SDPL at their meeting held on 23/03/2021 has fixed 5th April 2021 as Record Date for the purpose of ascertaining the name of equity shareholders of PTIL who will be eligible to receive 1231 Unlisted 10% Redeemable Cumulative Non-participating & Non-convertible preference shares of Rs. 10/- each of SDPL for 1 equity share of Rs. 10/- held in PTIL as per Scheme of Merger.
This intimation is provided in accordance with Reg 30 & 42 of Listing Regulations.