Trading Members are hereby informed that ATUL LTD (Scrip code: 500027) 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. 11,000/- (Rupees Eleven Thousand only) per equity share payable in cash for an aggregate amount not exceeding Rs. 70 crores/- (Rupees Seventy Crores only).
1. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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April 7, 2022, Thursday
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Last Date for the Buyback
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Earlier of:
(a) October 4, 2022 (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, constituted by the Board or persons nominated by the Board / committee to exercise its powers, and / or the powers conferred by the Board resolution in relation to the Buyback), 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 in accordance with the Buyback Regulations), however, 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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Edelweiss Broking ltd
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3261
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50057859
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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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500027
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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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ATUL *
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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:
Vlvro Financial Services Pvt Ltd
Vivro House, 11 Shashi Colony, Opp. Suvidha Shopping Center, Paid!, Ahmedabad -380007, Gujarat, India
Tel: 79766 52558 / 82866 10866
Email: : anshul.nenawati@vivro.net , jay.shah@vivro.net , atul.buyback@vivro.net
Contact Person: Mr Anshul Nenawati / Mr Jay Shah
SEBI Registration No.: INM000010122
Lalit Patni
Company Secretary and Chief Compliance Officer
Atul House, G I Patel Marg, Ahmedabad 380 014, Gujarat, India.
Tel: 079-26460520 / 26461294 / 26463706
Email: sec@atul.co.in; shareholders@atul.co.in
· 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/ Mrs. Manasi Joglekar - Extn: 022-2272-8915/8995/8368 (For General Queries)
Bhushan Mokashi
General Manager
April 06, 2022 |