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| Exchange Disseminated Time | | Sanwaria Agro Oils Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2011, inter alia, has approved the proposal of Buy-back of Equity Shares under the authority of the Board of Directors pursuant to the first proviso to section 77A(2)(b) of the Companies Act, 1956 and the SEBI (Buy-back of Securities) Regulations 1998 as amended from time to time. The Buy-back of its fully paid equity shares, will be from the open market, through the stock exchanges, at a price not exceeding Rs. 40/- per equity share, up to a maximum amount of Rs. 16,98,37,187/- (Rupees Sixteen crores Ninety Eight Lakhs Thirty seven thousand one hundred eighty seven only) being 10% of the total paid up capital and free reserves of the Company as per audited balance sheet for the year ended March 31, 2011. |
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