Buyback of equity shares of Balrampur Chini Mills Limited (Scrip code: 500038)

NOTICES

Notice No.		20221115-3		Notice Date		15 Nov 2022
Category		Company related		Segment		Equity
Subject		Buyback of equity shares of Balrampur Chini Mills Limited (Scrip code: 500038)
Content

Trading Members are hereby informed that Balrampur Chini Mills Limited (Scrip code: 500038)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. 360/-(Rupees Three hundred and sixty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 145.44 crores(Rupees One Hundred Forty Five crores Forty Four Crores).

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1. Proposed timetable for buyback:<_o3a_p>

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Date of Opening of the Buyback on BOLT<_o3a_p>

Wednesday, November 16, 2022<_o3a_p>

Last Date for the Buyback<_o3a_p>

Earlier of:<_o3a_p> <_o3a_p><_o3a_p> (a) May 15, 2023 (i.e., 6 months from the date of the opening of the Buy-back); or<_o3a_p>(b) when the Company completes the Buy-back by deploying the amount equivalent to the Maximum Buy-back Size; or<_o3a_p>(c) at such earlier date as may be determined by the Board / or its duly authorized Executive Committee, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buy-back Size (even if the Maximum Buy-back Size has not been reached or the Maximum Buy-back Shares have not been bought back), however, that all payment obligations relating to the shares bought back shall be completed before the last date for the Buy-back.<_o3a_p>

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2. Broker Members for buyback:<_o3a_p>

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The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:<_o3a_p>

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Axis Capital Limited<_o3a_p>

1st Floor, Axis House, C-2 Wadia International<_o3a_p>

Centre, P. B. Marg, Worli<_o3a_p>

Mumbai - 400 025, Maharashtra, India<_o3a_p>

Tel.:[phone]<_o3a_p>Fax:[phone]<_o3a_p>Contact Person: Mr. Amrish Parmar<_o3a_p>Email:[e-mail]<_o3a_p>Clearing No: 6105<_o3a_p>Client Code: HNC260<_o3a_p>

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3. Details of Shares held in DEMAT Form.<_o3a_p>

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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:<_o3a_p>

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Scrip Code<_o3a_p>	500038<_o3a_p>
Market Lot<_o3a_p>	1 Share<_o3a_p>
Scrip ID on BOLT System<_o3a_p>	BALRAMCHIN*<_o3a_p>

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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.<_o3a_p>

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5. Institutional Investors are allowed to participate in the buyback.<_o3a_p>

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6. Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be "Normal" equity cash segment<_o3a_p>

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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:<_o3a_p>

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· Merchant Banker to the Buyback:<_o3a_p>

Axis Capital Limited<_o3a_p>

1st Floor, Axis House, C-2 Wadia International<_o3a_p>

Centre, P. B. Marg, Worli<_o3a_p>

Mumbai - 400 025, Maharashtra, India<_o3a_p>

Tel.:[phone]; Fax: [phone]<_o3a_p>Contact Person: Mr. Ankit Bhatia/Jigar Jain<_o3a_p>Email:[e-mail]<_o3a_p>Website:www.axiscapital.co.in<_o3a_p>SEBI Registration Number: INM000012029<_o3a_p>

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· At the Company:<_o3a_p>

Name: Manoj Agarwal<_o3a_p>Designation: Company Secretary & Compliance Officer<_o3a_p>Address: FMC FORTUNA, 2^nd floor, 2343A, A. J. C Bose road, Kolkata, 700020, India<_o3a_p>Tel:[phone]<_o3a_p>Fax:[phone]<_o3a_p>Email id:[e-mail]<_o3a_p>

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· Registrar to the Issue:<_o3a_p>

KFin Technologies Limited<_o3a_p>

Selenium Tower B<_o3a_p>

Plot No. 31-32, Gachibowli<_o3a_p>

Financial District, Nanakramguda,Hyderabad,Telangana,500032<_o3a_p>

Contact Person: Mr. M. Murali Krishna<_o3a_p>Email:[e-mail]<_o3a_p>Website:http://www.kfintech.com/<_o3a_p>

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· At the Exchange:<_o3a_p>

Clearing & Settlement Department -<_o3a_p>

Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784<_o3a_p>

Email Id:[e-mail]<_o3a_p>

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Trading Department -<_o3a_p>

Trading Operations - Extn: 022-2272- 8376 (For Trading Related)<_o3a_p>

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Help desk- Extn: 61363100 (Hunting) (For BOLT System)<_o3a_p>

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Listing Operations Department -<_o3a_p>

Mr. Raghavendra Bhat Extn: 022-2272-8915/8995 (For General Queries)<_o3a_p>

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Rupal Khandelwal<_o3a_p>

Assistant General Manager<_o3a_p>

November 15, 2022<_o3a_p>