Trading Members are hereby informed that Sreeleathers Limited (Scrip code: 535601) 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.160/- (Rupees One Hundred and Sixty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 32,00,00,000 (Rupees Thirty-Two Crores only).
1. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Friday, December 04, 2020
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Last Date for the Buyback
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1. June 03,2021 (i.e. within 6 months from the date of opening of the Buy-back) OR
2. When the Company completes the Buyback by deploying the amount equivalent to the Maximum buyback Size, OR
3. At such earlier date as may be determined by the Board 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 Buyback 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 earlier out of above.
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2. 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‘s
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Clearing No
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SW Capital Private Limited
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3070
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3. Details of 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:
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Scrip Code No.
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535601
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Market Lot
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1 Share
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Scrip ID on BOLT System
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SREEL*
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4. 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.
5. Institutional Investors are allowed to participate in the buyback.
6. Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment.
7. 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:
Merchant Banker to the Buyback:
Mark Corporate Advisors Private Limited
CIN: U67190MH2008PTC181996
404/1, The Summit Business Bay,
Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057.
Contact Person: Mr. Manish Gaur
Tel. No.: +91 22 2612 3207/08
Email: buyback@markcorporateadvisors.com
SEBI Registration No.: INM000012128
At the Company:
Mr. BijoyKumar Roy
Company Secretary & Compliance Officer
6, Totte Lane, Kolkata-700 016
Tel No.:+91 33 2217 6468
Email: bijoykumarroy@gmail.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
· Trading Department -
Trading Operations - Extn: 022-2272- 8376 (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
Senior Manager
Thursday, December 03, 2020
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