|Offer to Buy – Acquisition Window (Delisting) for Riddhi Siddhi Gluco Biols Limited
This is in continuation with the Exchange Notice no. 20180228-9 dated February 28, 2018, 20180305-3 dated March 5, 2018, 20180321-36 dated March 21, 2018 and 20181226-29 dated December 26, 2018 regarding Delisting Offer by Mr. Ganpatraj L. Chowdhary, Acquirer/Promoter of the Company - Riddhi Siddhi Gluco Biols Limited,
Trading Members/ market participants are requested to note that pursuant to Order dated January 04, 2019 passed by Hon’ble Securities Appellate Tribunal (SAT) in the matter of one investor in the issue viz. Shobhendra Mansukhlal Daruwala (Appellant) versus Securities and Exchange Board of India (SEBI) & Others (Respondents), the funds deposited in the Escrow Account by the Acquirer/Promoter of the Company shall not be returned to the Acquirer/Promoter. However, the shares will be returned back to the shareholders on January 07, 2019, as advised earlier.
For and on behalf of the Exchange
Additional General Manager
Listing Ops & Sales
January 04, 2019