Notice No.   20221219-3   Notice Date   19 Dec 2022
Category   Company related   Segment   Equity
Subject   Buyback of equity shares of FRESHTROP FRUITS LIMITED (Scrip code: 530077)
Attachments   Public Announcement.pdf ;

Trading Members are hereby informed that FRESHTROP FRUITS LIMITED (Scrip code: 530077) 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. 115/- (Rupees One Hundred and Fifteen only) per equity share payable in cash for an aggregate amount not exceeding Rs.8 Crores (Rupees Eight Crores only)


1.       Proposed timetable for buyback:


Date of Opening of the Buyback

Tuesday, December 20, 2022

Last Date for the Buyback

Earlier of:

(a) Monday, June 19, 2023 i.e. 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 of Directors 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), provided, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.




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:


Innovate Securities Private Limited

1st Floor, Devashish, 39, Sardar Patel Nagar,

Navrangpura, Ahmedabad - 380009

Tel.: +91-79-26474500;

Fax: +91-79-26423759

Contact Person: Mr. Amar M. Parikkh


Clearing No: 6108

Client Code: 4907


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:


711, Mahakant, Opp. V S Hospital, Ellisbridge, Ahmedabad - 380006

Tel.: +91-79-2657 7571 / 2657 5337;

Fax: +91-79-2657 5731

Contact Person: Mr. Manoj Kumar Ramrakhyani / Mr. Sagar Bhatt



SEBI Registration No.: INM000004018


·         At the Company:

Name: Mr. Rohit Rawat

Designation: Company Secretary & Compliance Officer

Address: Freshtrop Fruits Limited, A-603, Sapath - IV, Opp. Karnavati Club, SG Highway, Ahmedabad – 380015

Tel: +91-79-40307050-57

Email id:


·         Registrar to the buyback and Investor service centre:

Bigshare Services Private Limited

Office No S6-2, 6th Floor, Pinnacle Business

Park, Next to Ahura Centre, Mahakali

Caves Road, Andheri (East) Mumbai – 400093

Tel. No.: 022 - 62638200 

Fax: +91- 22- 6263 8299

Contact Person: Mr. Satish Shete



SEBI Registration No: INR000001385


·         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

December 19, 2022