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NOTICES
Notice No.   20200401-4   Notice Date   01 Apr 2020
Category   Company related   Segment   Equity
Subject   Buyback of the shares of Ramkrishna Forgings Limited (Scrip code: 532527)
 
Content

 

Trading Members are hereby informed that Ramkrishna Forgings Limited (Scrip code: 532527) 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. 250/- (Rupees Two Hundred & Fifty only) per equity share payable in cash for an aggregate amount not exceeding INR 40,00,00,000/- (Indian Rupees Forty crores only).

 

Proposed timetable for buyback: 

 

Date of Opening of the Buyback on BOLT 

Friday, April 03, 2020

Last Date for the Buyback 

Earlier of: 

 

a.   Sunday, September 27, 2020 (i.e., 6 (six) 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 (including a committee thereof, constituted by the Board or persons nominated by the Board/committee to exercise its powers, and/or the powers conferred by the Board resolution in relation to the Buyback), 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 Buyback shall be completed before the last date for the Buyback. 

 

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‘s 

Clearing No 

Narnolia Financial Advisors Limited

3051

 

 

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. 

532527

Market Lot 

1 Share 

Scrip ID on BOLT System 

RKFORGE*

 

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. 

 

Institutional Investors are allowed to participate in the buyback. 

 

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: 

VC Corporate Advisors Private Limited

31, Ganesh Chandra Avenue, 2nd Floor,

Suite No. -2C, Kolkata-700 013. 

Tel.: +91 033 2225 3940

Fax: +91 033 2225 3941

Contact Person: Urvi Belani

Email: mail@vccorporate.com  

Website: www.vccorporate.com     

 

·        At the Company: 

Mr. Rajesh Mundhra

Company Secretary & Compliance Officer 

23, Circus Avenue, Kolkata- 700017,

Tel No.: +91- (033) 4082 0900 / 7122 0900

Fax No.: +91- (033) 4082 0998 / 7122 0998;

Email: rajesh@ramkrishnaforgings.com

Website:  www.ramkrishnaforgings.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- 8376 (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 

Senior Manager 

 

April 01, 2020