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S&P
BSE SENSEX
73,738.45
+89.83
+0.12 %
Corporate Announcement
Security Code
532380
Company
Baba Arts Ltd
Exchange Received Time
03/01/2019 12:49:06
Exchange Disseminated Time
03/01/2019 12:49:12
Time Taken
00:00:06
Outcome of Board Meeting |
01/03/19 12:49
Pursuant to Regulation 42 of the SEBI(LODR)Regulations, 2015 and Regulation 9(i) of the SEBI (Buy-back of Securities) Regulations, 2018 ('Buyback Regulations'), we have to inform you that the Company has fixed Tuesday, January 15, 2019, as the Record Date to determine the
(i)Shareholders eligible to participate in the buyback
(ii)Shareholders to whom the letter of offer and tender offer form will be delivered in relation to the buyback
(iii) entitlement of equity shareholders in the buyback, in accordance with the Buyback Regulations.
The Board of Directors of the Company, at its meeting held today has also fixed Rs.4.50/-per equity share, as the price for Buyback of equity shares by the Company. Accordingly,the Company will Buyback up to 75,18,300 equity shares at a price of Rs.4.50/- per equity share, aggregating to Rs.3,38,32,350/-.
Pursuant to Regulation 5(v) of the Buyback Regulations, please find attached a copy of the special resolution passed by the Members for your records.
Attachment
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