1. Trading Members are hereby informed that HSIL Limited (Scrip code: 500187) 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. 105/- (Rupees One Hundred and five only) per equity share payable in cash for an aggregate amount not exceeding INR 70,00,00,000/- (Indian Rupees Seventy Crores only.
2. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Wednesday, September 30, 2020
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Last Date for the Buyback
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Earlier of:
a) Monday, March 29, 2021 i.e., within 6 months from the date of the opening of 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 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’s
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Clearing No
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VARDHAMAN CAPITAL PVT.LTD.
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3110
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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. : 500187
Market Lot : 1 Share
Scrip ID on BOLT System : HSIL*
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. Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment.
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:
- Merchant Banker to the Buyback:
Finshore Management Services Limited
“Anandlok”, 2nd Floor, Block-A,
Room No. 207, 227, A. J. C. Bose Road,
Kolkata – 700 020
Tel.: +03346032561
Contact Person: Mr. Srinivas Ramakrishna Iyengar
Email: ramakrishna@finshoregroup.com
Mr. Pulkit Bhasin (Company Secretary)
301-302, 3rd Floor, Park Centra,
Sector -30, NH-8, Gurugram - 122001
Telephone: +91 01244779200
Fax: +91 22 4324 4343
Email: pulkit.bhasin@hindware.co.in
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
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
September 29, 2020 |