Notice No.   20220322-2   Notice Date   22 Mar 2022
Category   Company related   Segment   Equity
Subject   Buyback of the shares of Pennar Industries Limited (Scrip code: 513228)


1.   Trading Members are hereby informed that Pennar Industries Limited (Scrip code: 513228) has announced buyback of its fully paid-up equity shares of face value of Rs. 5/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 50/- (Fifty Rupees only) per equity share payable in cash for an aggregate amount not exceeding Rs. 40 crores (Indian Rupees forty crores Only).


2.       Proposed timetable for buyback:


Date of Opening of the Buyback on BOLT

Wednesday, March 23, 2022

Last Date for the Buyback

Earlier of:


a)      Thursday, September 22, 2022 (i.e., 6 (six) months from the date of the opening of the Buyback; or


b)      when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or


c)       at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board/committee to exercise its powers, and/or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.


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:


Name of the Member‘s

Clearing No




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


 Market Lot

 1 Share

 Scrip ID on BOLT System




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:


  • Investor Service Centre:

Kfin Technologies Private Limited

Selenium, Tower B, Plot No. 31 and 32, Gachobowli, Financial District, Nanakramguda,

Serilingampally Mandal, Hyderabad - 500 032, Telangana, India.

Tel No.: ++91 40 6716 2222

Contact Person: M Murali Krishna



SEBI Registration No.: INR000000221


  • Merchant Banker to the Buyback:

Finshore Management Services Limited

Anandlok Block A, Room-207, 227, AJC Bose Road, Kolkata-700020

Tel.: : 91-33-22895101/9831020743

Contact Person: Mr. S Ramakrishna Iyengar




  • At the Company:

Mr. Mirza Mohammed Ali Baig

3rd floor, DHFLVC Silicon Towers,

Kondapur, Hyderabad- 500084




·         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 (For General Queries)




Rupal Khandelwal

Assistant General Manager

Tuesday, March 22, 2022