Notice No.   20220823-1   Notice Date   23 Aug 2022
Category   Company related   Segment   Equity
Subject   Buyback of the shares of Mindteck (India) Limited (Scrip code: 517344)

 1.       Trading Members are hereby informed that Mindteck (India) Limited (Scrip code: 517344) 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. 180/- (Rupees One Hundred and Eighty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 13,70,00,000/- (Rupees Thirteen Crores Seventy Lakhs only)


2.       Proposed timetable for buyback:

Date of Opening of the Buyback 

Wednesday, August 24, 2022

Last Date for the Buyback






Earlier of:

a.       Monday, February 23, 2023 (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.




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   

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 



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:

Universal Capital Securities Private Limited

C 101, 247 Park, LBS Road, Vikhroli West, Mumbai – 400083, Maharashtra.

Phone: 022 49186178-79



Contact person: Ravindra Utekar

SEBI registration no.: INR000004082


  • Merchant Banker to the Buyback:

Vivro Financial Services Private Limited

607/608 Marathon Icon, Opp. Peninsula Corporate Park, Veer Santaji Lane, Off. Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India

Phone: 022 6666 8040

Contact person: Jay Shah/ Viral Shah



SEBI registration no.: INM000010122


  • At the Company:

Shivarama Adiga S., Vice President - Legal and Company Secretary

Mindteck (India) Limited

A.M.R. Tech Park, Block 1, 3rd Floor, No. 664, 23/24, Hosur Main Road, Bommanahalli, Bengaluru – 560068, Karnataka, India

Phone: 080 4154 8000




·         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, August 23, 2022