Notice No.   20210209-5   Notice Date   09 Feb 2021
Category   Company related   Segment   Equity
Subject   Buyback of the shares of Atul Limited (Scrip code: 500027)

Trading Members are hereby informed that Atul Limited (Scrip code: 500027) 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. 7,250/- (Rupees seven thousand two hundred and fifty only) per equity share payable in cash for an aggregate amount not exceeding INR 50,00,00,000/- (Rupees Fifty Crores only).


1.      Proposed timetable for buyback:


Date of Opening of the Buyback on BOLT

Wednesday, February 10, 2021

Last Date for the Buyback

Earlier of:


a)      Monday, August 09, 2021 (i.e., within six 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 authorised 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 Equity Shares bought back must be completed before the last date for the Buy-back.


2.      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

Edelweiss Broking limited



3.      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.                                    : 500027

Market Lot                                          : 1 Share

Scrip ID on BOLT System                     : ATUL*


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:

Vivro Financial Services Private Limited

Vivro House, 11 Shashi Colony

Opposite Suvidha Shopping Center

Paldi, Ahmedabad 380 007, Gujarat, India

Phone: (+91 79) 40404242 | Fax no.: (+91 79) 26650570

Contact person: Mr Harish Patel | Mr Bhargav Parekh

E-mail: | Website:

SEBI registration no.: INM000010122 | CIN: U67120GJ1996PTC029182


  • At the Company:

Mr Lalit Patni, Company Secretary and Chief Compliance Officer

Atul 396 020, Gujarat, India

Phone: (+91 2632) 233261 | 230000 | 230232

E-mail: | Website:


·         At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784

Email Id:

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/ Ms. Vidhi Mehta - Extn: 022-2272-8915/8995 (For General Queries)



Bhushan Mokashi

Additional General Manager

February 09, 2021