Buyback of the shares of Route Mobile Limited (Scrip code: 543228)

• Notice No: 20220708-3
• Notice Date: 08 Jul 2022
• Category: Company related
• Segment: Equity

 1.       Trading Members are hereby informed that Route Mobile Limited (Scrip code: 543228) 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. 1,700/- (One thousand seven hundred rupees only) per equity share payable in cash for an aggregate amount not exceeding Rs. 120 crores (One Hundred and Twenty Crores Only) 

2.       Proposed timetable for buyback:

Date of Opening of the Buyback on BOLT

Monday, July 11, 2022

Last Date for the Buyback

Earlier of: a)      January 10, 2023 (i.e., 6 (six) months from the date of the Commencement 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  or buyback committee 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).

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:

Name of the Member	Clearing No
Edelweiss Securities Limited	0121

4.       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:

Scrip Code No	543228
Market Lot	1 Share
Scrip ID on BOLT System	ROUTE*

5.       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.

6.       Institutional Investors are allowed to participate in the buyback.

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:

• Investor Service Centre:

KFIN Technologies Limited

Selenium Building, Tower-B, Plot No. 31&32

Financial District Nanakramguda

Serilingampallay, Rangareddi

Hyderabad, Telangana,500032

Tel No.: 040 – 6716222, 18003094001

E-mail: [e-mail]

• Merchant Banker to the Buyback:

Edelweiss Financial Services Limited

6^th floor, Edelweiss house, off CST road, Kalina, Mumbai 400098

Tel.: [phone]

Contact Person: Dhruv Bhavsar

Email: [e-mail]

• At the Company:

Rathindra Das

4th Dimension, 3rd Floor, Mindspace, Malad(W), Mumbai- 400064

Email: [e-mail]     

Tel: [phone],

·     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- 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

Assistant General Manager

Friday, July 08, 2022