Notice Number

NOTICES

Notice No.	20230110-2	Notice Date	10 Jan 2023

Category	Company related	Segment	Equity

Subject	Buyback of equity shares of Indian Energy Exchange Limited (Scrip code: 540750)

Attachments	IEX_PA.pdf ;

Content

Trading Members are hereby informed that Indian Energy Exchange Limited (Scrip code: 540750) 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. 200/- (Rupees Two hundred only) per equity share payable in cash for an aggregate amount not exceeding Rs. 98 crores.

1. Proposed timetable for buyback:

Date of Opening of the Buyback

January 11, 2023

Last Date for the Buyback

Earlier of:

(a) July 10, 2023 (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

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:

IIFL SECURITIES LIMITED

9th Floor, IIFL Centre, Kamala Mills,

Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013

Tel.: +91 22 4646 4600

Fax: +91 22 2493 1073

Email: iexbuyback.2022@iiflcap.com

Contact Person: Kunal Thakkar/Vishal Hase

Clearing No: 179

Client Code: BUYBACKIEX

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	540750
Market Lot	1 Share
Scrip ID	IEX*

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:

IIFL SECURITIES LIMITED

10th Floor, IIFL Centre, Kamala Mills,

Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013

Tel.: +91 22 4646 4728

Contact Person: Pawan Jain/ Nishita Mody

Email: IEX.buyback2022@iiflcap.com

Website: www.iiflcap.com

SEBI Registration No.: INM000010940

At the Company:

Name: Mr. Vineet Harlalka

Designation: CFO, Company Secretary and Compliance Officer