Buyback of the shares of Selan Exploration Technology Limited (Scrip code: 530075)

• Notice No: 20190104-2
• Notice Date: 04 Jan 2019
• Category: Company related
• Segment: Equity

1.      Trading Members are hereby informed that Selan Exploration Technology Limited (Scrip code: 530075) 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. 300/- (Rupees Three Hundred only) per equity share payable in cash for an aggregate amount not exceeding Rs. 25 crores (Rupees Twenty -Five Crores Only).

2.      Proposed time table for buyback:

Date of Opening of the Buyback on BOLT

Monday, January 07, 2019

Last Date for the Buyback

Earlier of: i. 06th July 2019 (i.e. six months from the date of commencement of the Buyback); or ii. When the Company completes Buyback by deploying the amount equivalent to the maximum Buyback size or iii. Such earlier date as may be determined by the Board or Buyback Committee, 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 bas not been reached or the Maximum Buyback Shares have not been bought back) provided, that all the payment obligations relating to the buyback shall be completed before the last date of the Buyback.

3.      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:

Name of the Member	Clearing No
Batlivala & Karani Securities India Private Limited	736

Trading Members may note that Batliwala & Kirana Securities India Pvt. Limited would Buyback shares of the Company in demat and physical mode.

4.      Details of Buyback orders on BOLT.

a)      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:

Scrip Code No.                                    : 530075

Market Lot                                           : 1 Share

Scrip ID on BOLT System                   : SELAN*

b)     Shares held in Physical Form –

The Trading 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.                                        : 542276

Market Lot                                               : 1 Share

Scrip ID on BOLT System                       : SELTBBPH

Abbreviated Name on BOLT System   : SELAN*         

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 delivery of physical shares will be accepted under scrip code 542276 only.

5.      Orders entered by Designated Buyback Member & Client Code is available in the Odd Lot order entry screen (Ctrl+F7) under ‘Grab’ tab -> Buy Odd Lot Bids. For trading in Physical Scrip code: 542276, the member is required to use Odd Lot order entry screen (Ctrl+F7) on Bolt TWS.

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, Trading Members may please contact the under mentioned persons:

·         Manager to the Buyback:

Batlivala & Karani Securities India Private Limited

Ground Floor, City Ice Building,

298 Perin Nariman Street,

Fort, Mumbai -400 001,India

Tel.: [phone]

Fax: ++91 22 2263 5020/30

Contact Person: Darshan Piyush Trivedi/Sujeet Gurav

Email: [e-mail]

Website: www.bksec.com

Investor Grievance e-mail: [e-mail]

SEBI Registration Number: NM000010908

·         At the Company:

Contact Person: Ms. Meenu Goswami (Company Secretary & Compliance Officer)

Selan Exploration Technology Limited

J-47/1, Shyam Vihar, Dindarpur,

Najafgarh, New Delhi - 110 043

Telephone: [phone]

Fax: [phone]

Email: [e-mail]

·         At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)

Trading Department -

Trading Operations - Extn: 022-2272- 8436 (For Trading Related)

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

Listing Operations Department –

Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)

Rupal Khandelwal

Manager

January 04, 2019