1. Trading Members are hereby informed that Fineotex Chemical Limited (Scrip code: 533333) has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 40/- (Rupees Fourty Only) per equity share payable in cash for an aggregate amount not exceeding INR 4,40,00,000 (Indian Rupees Four Crores Forty Lakhs Only) and the Maximum Buy-back Price, the indicative maximum number of Equity Shares to be bought back under the Buy-back would be 11,00,000 (Eleven Lakhs) Equity Shares.
2. Proposed time table for buyback:
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Date of Opening of the Buyback on BOLT
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Wednesday, August 05,2020
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Last Date for the Buyback
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Earlier of:
Thursday, February 04, 2021 i.e., within 6 months from the date of the opening of Buy-back Offer; or
When the Company completes the Buy-back by deploying the amount equivalent to the Maximum Buy-back Size; or
At such earlier date as may be determined by the Board or the persons authorized by the Board, 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).
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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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Hem Securities Limited
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248
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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. : 533333
Market Lot : 1 Share
Scrip ID on BOLT System : FCL*
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:
Hem Securities Limited
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel No.: +91- 022- 49060000
Fax No.: + 91- 022- 22625991
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Contact persons: Mr. Anil Bhargava
Mr. Hemant Kisan Auti (Company Secretary&Compliance Officer)
Address: 42/43, Manorama Chambers,
SV Road, Bandra (West), Mumbai 400050,
Maharashtra, India
Tel No.: +91 22 2655 9174
Email: cs@fineotex.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
Senior Manager
August 4, 2020 |