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:
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Date of Opening of the Buyback
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January 16, 2023
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Last Date for the Buyback
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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
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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
Email: compliance@globecapital.com
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:
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Scrip Code
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511333
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Market Lot
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1 Share
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Scrip ID
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VLSFINANCE*
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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
Email: buyback@smccapitals.com
Website: www.smccapitals.com
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: hconsul@vlsfinance.com
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
Email: investor.services@rcmcdelhi.com
At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
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 |