Trading Members are hereby informed that Balrampur Chini Mills Limited (Scrip code: 500038) has announced buyback of its fully paid-up equity shares of face value of Re. 1/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 360/- (Rupees Three hundred and sixty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 145.44 crores (Rupees One Hundred Forty Five crores Forty Four Crores).
1. Proposed timetable for buyback:
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Date of Opening of the Buyback
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Wednesday, November 16, 2022
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Last Date for the Buyback
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Earlier of:
(a) May 15, 2023 (i.e., 6 months from the date of the opening of the Buy-back); or
(b) when the Company completes the Buy-back by deploying the amount equivalent to the Maximum Buy-back Size; or
(c) at such earlier date as may be determined by the Board / or its duly authorized Executive Committee, after giving notice of such earlier 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 Buy-back Shares have not been bought back), however, that all payment obligations relating to the shares bought back shall be completed before the last date for the Buy-back.
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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:
Axis Capital Limited
1st Floor, Axis House, C-2 Wadia International
Centre, P. B. Marg, Worli
Mumbai - 400 025, Maharashtra, India
Tel.: +91 22 4325 2183
Fax: +91 22 4325 3000
Contact Person: Mr. Amrish Parmar
Email: amrish.parmar@axiscap.in
Clearing No: 6105
Client Code: HNC260
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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500038
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Market Lot
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1 Share
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Scrip ID
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BALRAMCHIN*
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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:
Axis Capital Limited
1st Floor, Axis House, C-2 Wadia International
Centre, P. B. Marg, Worli
Mumbai - 400 025, Maharashtra, India
Tel.: +91 22 4325 2183; Fax: +91 22 4325 3000
Contact Person: Mr. Ankit Bhatia/Jigar Jain
Email: bcml.buyback@axiscap.in
Website: www.axiscapital.co.in
SEBI Registration Number: INM000012029
· At the Company:
Name: Manoj Agarwal
Designation: Company Secretary & Compliance Officer
Address: FMC FORTUNA, 2nd floor, 234\3A, A. J. C Bose road, Kolkata, 700020, India
Tel: 2287-4749
Fax: (033) 2283-4487
Email id: investorgrievances@bcml.in
· Registrar to the Issue:
KFin Technologies Limited
Selenium Tower B
Plot No. 31-32, Gachibowli
Financial District, Nanakramguda,Hyderabad,Telangana,500032
Contact Person: Mr. M. Murali Krishna
Email: einward.ris@kfintech.com
Website: http://www.kfintech.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: 022-2272-8915/8995 (For General Queries)
Rupal Khandelwal
Assistant General Manager
November 15, 2022 |