Scope for a trust to receive entitlement of shareholders

Capital reduction by Farm Enterprises Ltd CIN:U01100MH1999PLC244851

I am in receipt of a communication from the Company stating :

# Capital reduction confirmed by Hon High court at Bombay vide order dated March 4, 2016 ;

# Eligible shareholders are entitle to 1 (one) share in RELIANCE INDUSTRIES LTD for every share in FEL.and 

# Company had made a cumbersome procedure to carry out the Court Order by alloting all of 8,60,903 shares to Karvy Consultanta Ltd.

Shareholding pattern as on 31/12/2015 as per image :

Question is : If the Company has gone beyond the Court order to carry out the hand over of shares to rightful entities ?