1. Trading Members are hereby informed that ADF Foods Limited (Scrip code: 519183) 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. 300/- (Rupees Three Hundred Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 30 Crores.
2. Proposed time table for buyback:
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Date of Opening of the Buyback on BOLT
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July 23, 2018
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Last date for the Buyback
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Earlier of:
(a) January, 22 2019 (that is 6 months from the date of the opening of the buyback);
or
(b) when the Company completes the Buyback
by deploying the amount equivalent to the Maximum Buyback Size;
or
(c) At such earlier date as may be determined by the Board, (including a Committee thereof or person nominated by the Board to exercise its power in relation to the Buyback) after giving notice of such early closure, subject to the Company having deployed an amount equivalent to the Minimum Buy-Back Size (even if the Maximum Buy-Back Size has not been reached or the Maximum Buy-Back Shares have not been bought back). However, that all payment obligations relating to the buyback shall be completed before the last date for the Buy-Back whichever is earliest from above.
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3. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
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Name of the Member
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Clearing No
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IndiaNivesh Securities Limited
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3130
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Trading Members may note that IndiaNivesh Securities Limited would Buyback shares of the Company in demat and physical mode.
4. Details of Buyback orders on BOLT.
a) Shares held in DEMAT Form -
The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
Scrip Code No. : 519183
Market Lot : 1 Share
Scrip ID on BOLT System : ADFFOODS*
b) Shares held in Physical Form –
The Trading Members may note that the Physical Equity Shares can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
Scrip Code No. : 540046
Market Lot : 1 Share
Scrip ID on BOLT System : ADFBBPH
Abbreviated Name on BOLT System : ADFFOODS*
The Trading Member buying the shares in physical mode under buyback will accept equity share certificates of any denomination in buyback in respect of physical shares, since the market lot of the physical scrip is "one". Trading Members are requested to note that delivery of physical shares will be accepted under scrip code 540046 only.
5. Orders entered by Designated Buyback Member & Client Code is available in the Odd Lot order entry screen (Ctrl+F7) under ‘Grab’ tab -> Buy Odd Lot Bids. For trading in Physical Scrip code: 540046, the member is required to use Odd Lot order entry screen (Ctrl+F7) on Bolt TWS.
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 participate in the buyback.
8. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
· Manager to the Buyback:
Contact person: Mr. Jinesh Doshi
IndiaNivesh Corporate Finance Private Limited
1706, 17th Floor, Lodha Supremus,
Senapati Bapat Marg, Lower Parel, Mumbai 400013.
Tel.: 022 62406240
SEBI Registration No.: INM000012403
· At the Company :
Contact Person: Ms. Shalaka Ovalekar(Company Secretary and Compliance Officer)
ADF Foods Limited
Sadhana House, Unit No. 2B, Second Floor, 570,
P.B. Road, Worli, Mumbai -400018
Tel.: 022-61415555
Email: co_secretary@adf-foods.com
Website: www.adf-foods.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)
Trading Department -
Trading Operations - Extn: 022-2272- 8436 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)
Bhushan Mokashi
Additional General Manager
July 20, 2018 |