Notice No.   20221115-3   Notice Date   15 Nov 2022
Category   Company related   Segment   Equity
Subject   Buyback of equity shares of Balrampur Chini Mills Limited (Scrip code: 500038)

Trading Members are hereby informed that Balrampur Chini Mills Limited (Scrip code: 500038) has announced buyback of its fully paid-up equity shares of face value of Re. 1/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 360/- (Rupees Three hundred and sixty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 145.44 crores (Rupees One Hundred Forty Five crores Forty Four Crores).


1.       Proposed timetable for buyback:


Date of Opening of the Buyback

Wednesday, November 16, 2022

Last Date for the Buyback

Earlier of:


(a)    May 15, 2023 (i.e., 6 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 authorized Executive 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 shares bought back shall 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:


Axis Capital Limited

1st Floor, Axis House, C-2 Wadia International

Centre, P. B. Marg, Worli

Mumbai - 400 025, Maharashtra, India

Tel.: +91 22 4325 2183

Fax: +91 22 4325 3000

Contact Person: Mr. Amrish Parmar


Clearing No: 6105

Client Code: HNC260


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


Market Lot

1 Share

Scrip ID



4.       Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.


5.       Institutional Investors are allowed to participate in the buyback.


6.       Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment


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:

       Axis Capital Limited

1st Floor, Axis House, C-2 Wadia International

Centre, P. B. Marg, Worli

Mumbai - 400 025, Maharashtra, India

Tel.: +91 22 4325 2183; Fax: +91 22 4325 3000

Contact Person: Mr. Ankit Bhatia/Jigar Jain



SEBI Registration Number: INM000012029


·         At the Company:

Name: Manoj Agarwal

Designation: Company Secretary & Compliance Officer

Address: FMC FORTUNA, 2nd floor, 234\3A, A. J. C Bose road, Kolkata, 700020, India

Tel: 2287-4749

Fax: (033) 2283-4487

Email id:


·         Registrar to the Issue:

KFin Technologies Limited

Selenium Tower B

Plot No. 31-32, Gachibowli

Financial District, Nanakramguda,Hyderabad,Telangana,500032

Contact Person: Mr. M. Murali Krishna




·         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 Extn: 022-2272-8915/8995 (For General Queries)



Rupal Khandelwal

Assistant General Manager

November 15, 2022