- Trading members are hereby informed that ADF Foods Limited (Scrip code: 519183) 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.125/- (Rupees One Hundred and Twenty Five only) per equity share payable in cash for an aggregate amount not exceeding Rs.18 Crore.
2. Proposed time table for buyback:
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Date of Opening of the Buyback on BOLT
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August 10, 2016
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Last date for the Buyback
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Earlier of:
(a) February 09, 2017; 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).
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3. 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:
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Name of the Member
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Clearing No
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Motilal Oswal Securities Limited
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446
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Trading Members may note that Motilal Oswal Securities Limited would buyback shares of the company in demat and physical mode.
4. 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. : 540046
Market Lot : 1 Share
Scrip ID on BOLT System : ADFBBPH
Abbreviated Name on BOLT System : ADFFOODSLT*
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 540046.
- The buyback bid quantity and rate given by the company in respect of the Equity shares of Karvy Stock Broking 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: 519183 (ISIN NO: INE982B01019) and scrip code no: 540046 (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: Ms. Nisha Shah
Motilal Oswal Investment Advisors Private Limited
Motilal Oswal Tower,
Rahimtullah Sayani Road, Opposite Parel ST Depot,
Prabhadevi, Mumbai – 400 025,
Maharashtra, India.
Tel: 022 3980 4389
Email: Nisha.shah@motilaloswal.com
· At the Company :
Contact Person: Mr. Bhavesh Thakkar (Executive Director)
ADF Foods Limited
Unit No. 2/B, 2nd Floor,
570, P B Anant Desai Marg,
Worli, Mumbai,
Maharashtra 400 018
Tel.: 022 6141 5555,
Email: bhavesh@adf-foods.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Department of Corporate Services –
Ms. Rupal Khandelwal - Extn: 022-2272-8262 (For General Queries)
Rupal Khandelwal
Manager
August 09, 2016
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