This is to inform you that, the Company, had approved a buyback of its fully paid up Equity Shares through tender offer route in its meeting held on February 09, 2022. The
Company proposes to buyback 29,00,000 (Twenty Nine Lakh only) Equity Shares of face value Re. 1 each for a consideration of Rs. 475 (Rupees Four Hundred Seventy Five only) per Equity Share for an aggregate consideration of upto Rs. 137.75 crores (Rupees One Hundred Thirty Seven Crore and Seventy Five Lakh only), which constitutes 8.0296 and 7.9796 of the aggregate paid-up equity capital and free reserves of the Company as per the audited standalone and consolidated financial statements respectively for the year
ended March 31, 2021.
In this respect, we are enclosing the copy of the Letter of Offer dated April 01, 2022 assubmitted with SEBI.
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