Notice No.   20201022-6   Notice Date   22 Oct 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Buyback) Magna Electro Castings Limited
Attachments   Letter of of Offer_.pdf ;

 Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeover, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.

All Market Participants are hereby informed that Magna Electro Castings Limited (“the Company”) has announced Cash Offer for buyback of not exceeding 4,00,000 (Four Lakh) fully paid-up equity shares of face value rs.10 each, representing 8.73% of  the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company, from all the existing shareholders/beneficial owners of equity shares of the Company as on the Record Date I.E. Thursday, October 1, 2020 on a proportionate basis, through the “Tender Offer” process at a price of Rs. 175/- (Rupees One Hundred And Seventy Five Only) per equity share for an aggregate consideration not exceeding Rs. 7,00,00,000/- (Rupees Seven Crores Only), from October 27,2020 to November 10, 2020.

Letter of Offer is herewith attached for perusal.

Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website –


Atul Dhotr

Senior Manager

Listing Sales & Ops

October 22, 2020