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| Exchange Received Time 30/11/2018 15:43:49 Exchange Disseminated Time 30/11/2018 15:43:56 Time Taken 00:00:07 | In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Board of Directors in their meeting held on November 30, 2018, have approved the proposal for Buy-Back, by the Company, of fully paid-up equity shares of face value of Rs.10/- each not exceeding 1,000,000 Equity Shares having face value of Rs.10/- each (representing 4.60% of the total paid up Equity Share Capital of the Company) at a maximum price of Rs.550/- (Rupees Five Hundred Fifty Only) per share for an aggregate maximum amount of Rs.550,000,000 (Rupees Fifty Five Crores Only) which represents 10.46% of the aggregate of the Company's paid-up Share capital & free reserves as per the latest audited financial statements as on March 31, 2018.
Further, the Board has appointed Sh. Raj Kapoor Sharma as CFO of the Company w.e.f. 01.12.2018. He is qualified CA. having a experience of 23 years and is not related to any Director of the Company.
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