Notice No.   20230113-18   Notice Date   13 Jan 2023
Category   Company related   Segment   Equity
Subject   Buyback of equity shares of VLS Finance Limited (Scrip code: 511333)
Attachments   VLS Finance Buyback PA.pdf ;

Trading Members are hereby informed that VLS Finance Limited (Scrip code: 511333) 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. 200/- (Rupees Two hundred only) per equity share payable in cash for an aggregate amount not exceeding Rs. 70 crores.


1.      Proposed timetable for buyback:


Date of Opening of the Buyback

January 16, 2023

Last Date for the Buyback

Earlier of:

(a)    July 14, 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:


Globe Capital Market Limited

609, Ansal Bhawan, 16 Kasturba Gandhi Marg

New Delhi-110001, India

Tel.: +91-011-30412345   


Contact Person: Gautam Gupta

Clearing No: 3179

Client Code: BUYBACK1


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:

 SMC Capitals limited

401/402, Lotus Corporate Park, Off Western Express Highway, Jai Coach Signal, Goregaon (East), Mumbai – 400063, Maharashtra, India  

Tel.: +91 22 4646 4728

Contact Person: Satish Mangutkar / Bhavin Shah



SEBI Registration No.: INM000011427


At the Company:

Name: Mr. H. Consul

Designation: Company Secretary and Compliance Officer

Address: Ground Floor, 90, Okhla Industrial Estate, Phase-III, New Delhi, Delhi, 110020

Tel: 011-46656666

Email id:


Registrar to the buyback and Investor service centre:

RCMC Share Registry Private Limited

B-25/1, First Floor, Okhla Indtrial Area Phase II,New Delhi,Delhi,110020

Tel. No.:  + 011-26387320-21-23



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)


Listing Operations Department –

Mr. Raghavendra Bhat Extn: 022-2272-8915/8995 (For General Queries)




Bhushan Mokashi

General Manager

January 13, 2023