1. Trading Members are hereby informed that Atul Limited 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. 7,500/- (Rupees seven thousand five hundred only) per equity share payable in cash for an aggregate amount not exceeding INR 50,00,00,000/- (Rupees Fifty crores only).
2. Proposed timetable for buyback:
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Date of Opening of the Buyback
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Tuesday, November 21, 2023
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Last Date for the Buyback
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Earlier of:
a) sixty-six Working Days from the date of the opening of the Buyback i.e., Tuesday. November 21, 2023; 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), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.
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3. Broker Members for buyback:
The company has appointed the following BSE Trading Member through whom the purchases of shares 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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Nuvama Wealth and Investment Limited
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3261
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4. Details of Buyback Order
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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Segment
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Equity Segment (Normal Market)
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Scrip Code No
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544024
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Market Lot
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1 Share
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Scrip ID
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ATUL7
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Group
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“T” Group
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Face Value (Rs.)
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10
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5. For further information and clarity on a separate window for Open Market Buyback through Stock Exchange, Trading Members and Market Intermediaries are requested to refer circular no 20230328-24 March 28, 2023 Issued by BSE.
6. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
- REGISTRAR TO THE BUY-BACK | INVESTOR SERVICE CENTRE
Link Intime India Private Limited
506-508 Amarnath Business Centre – 1,
Umashankar Joshi Marg, off C G Road, Ahmedabad 380 006, Gujarat, India
Phone: (+91 79) 26465179 / 86 / 87
E-mail: nilesh.dalwadi@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Mr Nilesh Dalwadi
SEBI registration no.: INR000004058
- Merchant Banker to the Buyback:
Vivro Financial Services Private limited
607-608 Marathon Icon, Veer Santaji Lane, Opp. Peninsula Corporate Park. Off Ganpatrao Kadam Marg, Lower Parel, Mumbai, Maharashtra 400013
Phone: +91 22 6666 8040
Contact person: Tushar Ashar/Shivam Patel
E-mail: investors@vivro.net
Webs:ite: www.vivro.net
SEBI registration no.: INM000010122
CIN: U67120GJ1996PTC029182
Atul Limited
Lalit Patni, Company Secretary and Compliance Officer
Atul House, G I Patel Marg, Ahmedabad - 380 014, Gujarat, India
Phone: (+91 2632) 230000
E-mail: shareholders@atul.co.in
Website: www.atul.co.in
· At the Exchange:
Mangesh Tayde
Deputy General Manager
Monday, November 20, 2023 |