Buy Back of Shares

• Notice No: 20021101-7
• Notice Date: 01 Nov 2002
• Segment: Equity

01 November, 2002

Sub: Buyback of the shares of Bombay Dyeing and Manufacturing Company Ltd..

The members are hereby informed that Bombay Dyeing and Manufacturing Company Ltd. has announced buyback of its fully paid-up equity shares of face value of Rs.10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs.65/- (Rupees Sixty Five Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 31.98 Crores.

2. Proposed time table for buyback:

Date of Opening of the Buyback on BOLT

November 7, 2002

Last date for the Buyback

August 27, 2003 (12 months from the date of Board Resolution) or when the company has completed Buy-back to the extent of 10% of the paid-up equity capital and free reserves, however not exceeding 25% of the paid-up equity share capital, under the offer or such earlier date as may be determined by the Board/ committee any time even if the maximum limit of Buy-back of shares has not been reached (by giving appropriate notice for such earlier date, if any).

3. Broker Members for buyback:
   

The company has appointed the following BSE member through whom the purchases and settlement on account of the buyback would be made:

Name of the Member	Clearing No
J M Morgan Stanley Retail Services Pvt. Ltd.	325
Kotak Securities Ltd.	673
SBI Capital Markets Ltd.	95

Members may note that J M Morgan Stanley Retail Services Pvt. Ltd. has the right to buyback shares of the company in physical form also.

4. Details of Buyback orders on BOLT.

The members may note that the Physical Equity Shares can be offered for Buyback to the company in the list of Non-Specified Securities under scrip code, in rolling settlement, as mentioned below:

Code No. : 532431
Market Lot : 1 Share
Scrip ID on BOLT System : BDMBBPH
Abbreviated Name on BOLT System : BOMDYEING*

The broker member buying the shares in physical mode under buyback will accept equity shares certificates of any denomination in buyback in respect of physical shares, since the market lot of the physical scrip shown on the BOLT is "one".


The Dematerialized Equity shares of Bombay Dyeing and Manufacturing Company Ltd  can be offered for Buyback to the company through the "Buyback" button as mentioned in the Exchange Notice No 73405/2001 dated January 4, 2001 under scrip code no: 500020 (ISIN NO: INE032A01015) in rolling settlement.

5. Buyer Members can alter the price as well as quantity, as it is applicable in the normal trading.
   
6. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc are applicable in case of buyback as in the case of the normal trading.
   
7. Institutional Investors are allowed to sell in buyback mode.


8. The documents are available in Corporate Relationship Department for inspection. In case of any queries /clarifications on the scheme of  buyback, members may  please contact the undermentioned persons:
   

Manager to the Buyback:

J M Morgan Stanley Pvt. Ltd.
141, Maker Chamber III,
Nariman Point,
Mumbai-400021.
Tele: (91 22) 2303030
Fax:  [phone]

• At the Company :
  

The Bombay Dyeing and Manufacturing Company Limited.
Share Department,
Administrative Office,
Textile Mill Complex,
Pandurang Budhkar Marg,
Mumbai-400 025.
Tel [phone],
Fax [phone]
Email: [e-mail]

• At the Exchange:
  

Mr. Niraj Karwa, Extn: 8260 (For Clearing & Settlement)
Clearing & Settlement Department.

Help desk, Extn: 5000 - 5004  (For BOLT System)

Ms. N.R.Subhalakshmi, Extn. 8247 (For General Queries)
Corporate Relationship Department.


K. Gopalkrishnan
Asst. General Manager.
Corporate Relationship Department