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Outcome of Board Meeting

| Updated on January 24, 2018 Published on January 24, 2018

The Board of Directors of the Company at its meeting held today, has inter-alia:
Approved the Audited Financial Results for the quarter and nine months period ended 31st December, 2017.
Approved the proposal for buy-back of 1,25,000 fully paid up equity shares of the Company having face value of Rs.10/- each (Equity Shares) (representing up to 3.90% of the total paid-up equity share capital of the Company) at a price not exceeding Rs.1700/- per Equity Share payable in cash for a total consideration not exceeding Rs.21,25,00,000/- The buy-back offer size is within the limit of 25% of the total paid-up capital and free reserves of the Company as per its audited standalone financial statements for the nine months period ended 31st December, 2017.
The promoters & members of the promoter group have indicated their intention to participate in the buy-back offer.
The time of commencement of the Board Meeting was 12:30 p.m. & the time of conclusion was 1:55 p.m.

Pdf Link: Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on January 24, 2018
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