Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and De-listing, vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, 20190207-23 dated 07 Feb 2019 and 20200528-32 dated 28 May 2020 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that an offer for Voluntary Delisting of Equity Shares is made Shivum Holdings Private Limited (“Acquirer”), along with person acting in concert W H Brady & Co. Limited (“PAC”) to the public shareholders of the Brady and Morris Engineering Company Limited to acquire up to 5,90,649 Equity Shares of the Company representing 26.25% of the Share Capital, held by the Public Shareholders at a floor price of Rs. 61.40 per Equity Shares of face value of Rs. 10/- each of the Company through the reverse book-building process in accordance with the SEBI (Delisting of Equity Shares) Regulations, 2009. from September 23, 2020 to September 29, 2020.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
September 21, 2020
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