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NOTICES
Notice No.   20140430-3   Notice Date   30 Apr 2014
Category   Company related   Segment   Equity
Subject   Buyback of the shares of Supreme Petrochem Limited (Scrip code: 500405)
 
Content

 

Trading members are hereby informed that Supreme Petrochem Limited (Scrip code: 500405) 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.70/- (Rupees Seventy only) per equity share payable in cash for an aggregate amount not exceeding Rs. 3,375 lakhs. The maximum number of equity shares proposed to be bought back are 60,00,000 and the minimum number of equity shares to be bought back shall be 24,10,715.

 

1.     Proposed time table for buyback:

           

Date of Opening of the Buyback on BOLT

May 2, 2014

 

Last date for the Buyback

Earlier of :

(a)   October 31, 2014; or

(b)   when the Company completes the Buyback Offer by deploying the amount

equivalent to the Buyback Size; or

(c)    when the Company completes the Buyback Offer to the extent of buying back Equity Shares equal to the Maximum Offer Shares provided that the Company has deployed an amount equivalent to the Minimum Buyback Size; or

(d)   at such earlier date as may be determined by the Board, 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 Buy-Back Size has not been reached or the Maximum Buyback Shares have not been bought back).

 

 

2.     Broker Members for buyback:

 

The company has appointed the following BSE members through whom the purchases and settlement on account of the buyback would be made:

 

Name of the Member               

Clearing No

Kisan Ratilal Choksey Shares & Securities Private Limited

0385

 

Trading Members may note that Kisan Ratilal Choksey Shares & Securities Private Limited would buy back shares of the company in demat and physical mode.

 

3.     Details of Buyback orders on BOLT.

 

The members may note that the Physical Equity Shares can be offered for Buyback to the company in rolling settlement, as per details mentioned below:

 

Scrip Code No.                                           : 533042

Market Lot                                                   : 1 Share

Scrip ID on BOLT System                            : SUPREME PET*

Abbreviated Name on BOLT System                        : SPRMPETBBPH

 

The trading member buying the shares in physical mode under buyback will accept equity share certificates of any denomination in buyback in respect of physical shares, since the market lot of the physical scrip is "one". Trading members are requested to note that only physical shares will be accepted as delivery under scrip code 533042.

 

5.     The buyback bid quantity and rate given by the company in respect of the Equity shares of Supreme Petrochem Limited can be viewed through the “Buyback” button as mentioned in the Exchange Notice No 73405/2001 dated January 4, 2001 under scrip code no: 500405 (ISIN NO: INE663A01017) and scrip code no: 533042 (physical shares)

 

6.     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.

 

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

 

8.     The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, members may please contact the under mentioned persons:

 

·         Manager to the Buyback:

Contact Person: Mr. Ankit Bhatia

Karvy Investor Services Limited

“Karvy House”, 46, Avenue 4, Street No. 1,

Banjara Hills, Hyderabad – 500034, India.

Tel: (040) 2342 8774 / 2331 2454; Fax: (040) 2337 4714 / 2331 1968

Email: cmg@karvy.com

 

·         At the Company :

Mr. Rakesh Nayyar (Executive Director & Company Secretary)

Supreme Petrochem Limited

Building No. 11, 5th Floor, Solitaire Corporate Park,

167, Guru Hargovindji Marg, (Andheri-Ghatkopar Link Road),

Chakala, Andheri (East), Mumbai – 400093.

Tel: 91 22 6709 1900; Fax: 91 22 4005 5681

Email: investorhelpline@spl.co.in

           

·         At the Exchange:

Mr. Surendra Rashinkar, Extn: 022-2272-8306 (For Clearing & Settlement)

Clearing & Settlement Department.

Help desk, Extn: 61363100 (Hunting) (For BOLT System)

Ms Gunjan Jain Extn. 022-2272-8396/8701 (For General Queries)

Department of Corporate Services

 

 

 

 

Hetal Kotak

Asst. Gen Manager

Dept. of Corporate Services

 

April 30, 2014