|
Exchange Received Time  14/11/2018 18:14:33 Exchange Disseminated Time 14/11/2018 18:14:35 Time Taken 00:00:02 | B) Approval of Buy-back of equity shares Further, in the said meeting, the Board unanimously approved a buy back proposal for the purchase by theCompany of its fully paid up equity shares of face value of INR 10 (Indian Rupees Ten) each, at a price not exceeding INR 90/- (Indian Rupees Ninety Only) per equity share out of freereserves or such other sources as permitted by law, from the shareholders/beneficial owners of theCompany, from the open market through stock exchange mechanism as prescribed under the CompaniesAct 2013, read with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, provided that the buyback shall not exceed INR 17,82,00,000 (Indian Rupees Seventeen Crore eighty-two lakh Only), representing Approx.7.83% of the aggregate of the total paid-up equity share capital and free reserves of theCompany based on the audited financial statements of the Company as on March 31, 2018 ('Buyback'). |
|
|