Trading Members are hereby informed that Freshtrop Fruits Limited (Scrip code: 530077) 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. 90/- (Rupees Ninety only) per equity share payable in cash for an aggregate amount not exceeding INR 6,75,00,000/- (Indian Rupees Six Crores Seventy-Five lacs only).
1. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Wednesday, February 10, 2021
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Last Date for the Buyback
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Earlier of:
(a) six months from the date of the opening of the Buy Back
(b) when the Company completes the Buy-Back by deploying the amount equivalent to the Maximum Buy-Back Size
(c) at such earlier date as may be determined by the Board of Directors after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), provided, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback
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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
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Clearing No
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Client Code
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Innovate Securities Private Limited
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6108
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4907
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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
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530077
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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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FRSHTRP *
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4. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, 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:
Chartered Capital and Investment Limited
711, Mahakant, Opp. V S Hospital, Ellisbridge, Ahmedabad – 380006
Tel: +91-79-2657 7571/2657 5337
Fax: +91-79-2657 5731
Email: info@charteredcapital.net
Website: www.charteredcapital.net
Investor Grievance Email: investor.relation@charteredcapital.net
Contact Person: Mr. Manoj Kumar Ramrakhyani/ Mr. Sagar Bhatt
SEBI Registration No.: INM000004018
Corporate Identity Number: L45201GJ1986PLC008577
Mr. Ronak Dhruve
Company Secretary & Compliance Office
Freshtrop Fruits Limited, A-603, Sapath - IV, Opp. Karnavati Club, SG Highway, Ahmedabad - 380015.
Tel: +91-79-40307050-57
Email: secretarial@freshtrop.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/ Ms. Vidhi Mehta - Extn: 022-2272-8915/8995 (For General Queries)
Rupal Khandelwal
Senior Manager
February 09, 2021 |