1. Trading Members are hereby informed that Lakshmi Machine Works Limited (Scrip code: 500252) 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. 6000/- (Rupees Six Thousand only) per equity share payable in cash for an aggregate amount not exceeding Rs. 160 crores (Rupees One Hundred and Sixty Crore only).
2. Proposed time table for buyback:
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Date of Opening of the Buyback on BOLT
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Friday, November 2, 2018
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Last Date for the Buyback
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Earlier of:
(a) Wednesday, May 1, 2019 (i.e., 6 months from the date of the opening of the Buy-back); or
(b) when the Company completes the Buy-back by deploying the amount equivalent to the Maximum Buy back Size; or
(c) at such earlier date as may be determined by the Board/ or its duly authorized Buy-back committee, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buy-back Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the shares bought
back shall be completed before the last date for the Buy-back.
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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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Axis Capital Limited
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6105
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Trading Members may note that Axis Capital 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. : 500252
Market Lot : 1 Share
Scrip ID on BOLT System : LAXMIMACH*
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. : 542090
Market Lot : 1 Share
Scrip ID on BOLT System : LAXMIBBPH
Abbreviated Name on BOLT System : LAXMIMACH*
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 542090 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: 542090, 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:
AXIS CAPITAL LIMITED
1st Floor, Axis House
C-2 Wadia International Centre, P. B. Marg, Worli
Mumbai - 400 025, Maharashtra, India
Tel.: +91 22 4325 2183
Fax: +91 22 4325 3000
Contact Person: Mr. Sagar Jatakiya
Email: lmw.buyback@axiscap.in
Website: www.axiscapital.co.in
SEBI Registration Number: INM000012029
· At the Company :
Contact Person: Mr. C.R. Shivkumaran (Compliance Officer and Investor Service Centre)
Lakshmi Machine Works Limited
SRK Vidyalaya Post,
Perianaickenpalayam, Coimbatore- 641020
Email: shivkumaran.c.r@lmw.co.in
Website: www.lmwglobal.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)
Rupal Khandelwal
Manager
November 1, 2018 |