Buyback of the shares of Orbit Exports Limited (Scrip code: 512626)

• Notice No: 20190328-3
• Notice Date: 28 Mar 2019
• Category: Company related
• Segment: Equity

1.   Trading Members are hereby informed that Orbit Exports Limited (Scrip code: 512626) 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. 130/- (Rupees Eight hundred only) per equity share payable in cash for an aggregate amount not exceeding Rs. 10 Crores (Rupees Ten Crores only).

2.    Proposed time table for buyback:

Date of Opening of the Buyback on BOLT

March 29, 2019

Last Date for the Buyback

Earlier of: (a)  Saturday, September 28, 2019 (i.e., 6 months from the date of the opening of the Buyback); 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 or its duly authorized Buy-back 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 has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Equity Shares bought back shall be completed before the last date for 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
Sunlight broking LLP	6635

4.    Details of 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.                                    : 512626

Market Lot                                           : 1 Share

Scrip ID on BOLT System                   : ORBTEXP*

5.  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.

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

7.   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:

• Merchant Banker to the Buyback:

Vivro Financial Services Private Limited

607, 608 Marathon Icon,

Opp. Peninsula Corporate Park,

Off Ganpatrao Kadam Marg

Veer Santaji Lane, Lower Parel,

Mumbai-400 013, Maharashtra, India

Contact Person: Mr. Harish Patel/ Mr. Yogesh Malpani

Phone: [phone]/42

Fax: [phone]

Email: [e-mail]  

SEBI Registration: INM000010122

Validity Period: Permanent

CIN: U67120GJ1996PTC029182

• At the Company:

           Name: Mrs. Neha Poddar

Designation: Company Secretary and Compliance Officer

Address: Orbit Exports Limited

122, 2nd Floor, Mistry Bhavan,

Dinshaw Wachha Road, Churchgate

Tel: [phone]

Fax: [phone]

Email id: [e-mail]

Website: www.orbitexports.com  

·         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

March 28, 2019