1. Trading Members are hereby informed that Polyplex Corporation Limited (Scrip code: 524051) 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. 475/- (Rupees Four Hundred and Seventy-Five only) per equity share payable in cash for an aggregate amount not exceeding Rs.5,481.50 Lakhs (Rupees Fifty-Four Crore Eighty-One Lakh and Fifty thousand Only) (“Maximum Buy-back Size”).
2. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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April 16, 2020
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Last Date for the Buyback
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Earlier of:
(a) October 15, 2020 (i.e., 6 months from the date of the
opening of the Buy-back);
or
(b) when the Company completes the Buy-back by deploying the amount equivalent to the Maximum Buy-back 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 Buy-back Size (even if the Maximum Buy-back Size has not been reached or the Maximum Buy-back Shares have not been bought back), however, that all payment obligations relating to the shares bought back shall be completed before the last date for the Buy-back.
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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:
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Name of the Member
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Clearing No
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Axis Capital Limited
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6105
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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. : 524051
Market Lot : 1 Share
Scrip ID on BOLT System : POLYPLEX*
5. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, 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:
- Registrar to the Buy-Back:
KFin Technologies Private Limited
(Formerly known as “Karvy Fintech Private Limited”)
Selenium Tower- B, Plot No 31 & 32 Gachibowli,
Financial District Nanakramguda,
Serilingampally, Hyderabad, Telangana - 500032
Tel: 91 40 6716 2222
Fax: 91 40 343 1551
Contact person: Mr. M Murali Krishna
Email: einward.ris@kfintech.com
Website: www.kfintech.com
SEBI Registration Number: INR000000221
Corporate Identity Number: U72400TG2017PTC117649
Axis Capital Limited
1st Floor, Axis House, C-2 Wadia International Centre, P. B. Marg, Worli
Mumbai - 400 025, Maharashtra, India
Tel.: +91 22 4325 2183
Fax: +91 22 4325 3000
Contact Person: Mr. Ankit Bhatia
Email: polyplex.buyback@axiscap.in
Website: www.axiscapital.co.in
SEBI Registration Number: INM000012029
Ashok Kumar Gurnani
Company Secretary and Compliance Officer,
Address: B-37, Sector - 1, Noida, Distt. Gautam Budha Nagar,
Uttar Pradesh - 201301
Email: akgurnani@POLYPLEX.com
Website: www.polyplex.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: 022-2272-8915/8995 (For General Queries)
Rupal Khandelwal
Senior Manager
April 15, 2020 |