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Atul Limited. Capital/Financing Update 2021
60221_rns_2021-02-18_4425833e-9ba1-4369-b0a3-f37519015476.pdf
Capital/Financing Update
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Atul Ltd
Atul 396 020, Gujarat, India [email protected] I www.atul.co.in (+91 2632) 230000
The Manager Listing Department BSE Limited Phiroze jeejeebhoy Towers Dalal Street, Mumbai - 400 001 Through: BSE Listing portal SCRIP CODE: 500027
February 18, 2021
The Manager Listing Department National Stock Exchange of India Limited "Exchange Plaza" C - 1, Block G Bandra Kurla Complex Bandra (East) Mumbai - 400 051 Through: NEAPS portal SYMBOL: ATUL
Dear Sir I Madam,
•
- Sub: Intimation of Closure of Offer Period of Buy-back of Equity Shares by Atul Limited ("Company")
- Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We refer to the public announcement dated January 30, 2021 ("Public Announcement") whereby the Company announced the buy-back of fully paid-up Equity Shares of the Company having face value of ~10/- ("Equity Share")· from the Open Market through stock exchange mechanism as prescribed under the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 ("Buy-back Regulations") at a maximum price of ~7 250/ (Rupees Seven Thousand Two Hundred Fifty Only) per Equity Share ("Maximum Buy-back Price") payable in cash, for an aggregate maximum amount of up to ~50 00 00 000/- (Rupees Fifty Crores Only) excluding transaction costs viz. brokerage, advisor's fees, intermediaries fees, public announcement, publication fees, filing fees, turnover charges, applicable taxes such as securities transaction tax, goods and services tax, income tax, stamp duty and other incidental and related expenses.
In terms of the Public Announcement the Buy-back commenced from Wednesday, February 10, 2021 and till date, the Company has bought back 7 4,682 Equity Shares at an average price of ~6.678.58/- per Equity Share for an aggregate consideration of ~49 87,69 953 95/- (Rupees forty nine crore eighty seven lakh sixty nine thousand nine hundred fifty three and ninety five paisa) excluding Transaction Costs which represents 99.75 % of the Maximum Buyback Size. Since the Company has achieved the Minimum Buy-back Size as
Registered office: At ul House, GI Patel Marg, Ahmedabad 380 014, Gujarat, India CIN:L99999GJ1975PLC002859
.Lalbhai Group
Atul 396 020, Gujarat, India [email protected] I www.atul.co.in (+91 2632) 230000
required under Regulation 15 of the Buy-back Regulations and Public Announcement, the Buy-back Committee of the Company has decided to close the Buy-back effective from closure of trading hours of Friday, February 19, 2021. Therefore, the Buy-back of Equity Shares by the Company shall stand closed effective from closure of trading hours i.e., Friday, February 19, 2021.
The pre Buy-back and post Buy-back summarised shareholding pattern of the Company is enclosed herewith as Annexure - A.
Kindly take this disclosure on record and disseminate this information to the public.
Thank you,
Yours faithfully, For At;;;d
Lalit Patni Company Secretary and Chief Compliance Officer
Encl.: as above
Registered office: Atul House, G I Patel Marg, Ahmedabad 380 014, Gujarat, India CIN: L99999GJ1975PLC002859
Atul Ltd
Atul 396 020, Gujarat, India [email protected] I www.atul.co.in (+91 2632) 230000
Annexure - A
Pre Buy-back and post Buy-back summarized shareholding pattern of the Company
| Category of Shareholder | Pre Buy-back as on Date of Board Meeting Uanuary 29, 2021) |
Post Buy-back(\$) | ||
|---|---|---|---|---|
| Number of equity share held |
o/o to the existing equity share capital |
Number of equity share held |
o/o to the existing equity share capital |
|
| (A) Promoter and Promoter Group |
1,32,94,397 | 44.82 | 1,32,94,397 | 44.93 |
| (B) Public Shareholders | ||||
| Foreign investors (including Non- Resident Indians, Flis and foreign mutual funds |
29,54,203 | 9.96 | 1,62,92,654 | 55.07 |
| Financial institutions , banks and mutual funds promoted by banks, institutions |
67,90,665 | 22.89 | ||
| Others (public, public bodies corporate, etc) |
66,22,468 | 22.23 | ||
| Total | 2,96,61,733 | 100.00 | 2,95,87 ,051 | 100.00 |
\$ Subject to extinguishment of 7 4,682 Equity Shares bought back
For Atul Ltd
Lalit ~ Patni Company Secretary and Chief Compliance Officer
Registered office: Atul House, G I Patel Marg, Ahmedabad 380 014, Gujarat, India CIN: L99999GJ1975PLC002859
