Archidply Industries Limited approved buyback of shares in its Board meeting held on January 06, 2021 has approved a proposal to buyback up to 22,00,000 (Twenty Two Lakhs Only) fully paid up Equity Shares of Rs. 10/- (Rupees Ten only) of the Company for an aggregate amount not exceeding Rs. 8,14,00,000/- (Rupees Eight Crore Fourteen Lakhs Only ) at a price of Rs.37/-. Archidply Industries Limited Buyback corresponds to [.]% of the total paid-up equity share capital of the company and is on a proportionate basis through the tender route.
Archidply Industries Limited. Buyback 2020 Offer Details:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | January 19 2021 |
| Buyback Offer Amount: | ₹ 8.14 Crores |
| Date of Board Meeting approving the proposal: | Jan 06 2021 |
| Date of Public Announcement: | Jan 07 2021 |
| Buyback Offer Size: | % |
| Buyback Number of shares: | 22,00,000 |
| Price Type: | Tender Offer |
| FV: | Rs. 10 |
| Buyback Price: | ₹ 37 Per Equity Share |
Archidply Industries Limited buyback of 22,00,000 crore equity shares which is around [.]% of all the existing number of equity shares at a price of ₹37 per equity share. The buyback offer not exceeding of ₹ 8.14 crore of total buyback offer size.
Archidply Industries Limited Buyback Important Dates
| Buyback Activity | Date | |
|---|---|---|
| Board Meeting for Buyback proposal | 06.01.2021 | |
| Buyback Approval date | 06.01.2021 | |
| Public Announcement of Buyback | 07.01.2021 | |
| Buy back Record Date | 19.01.2021 | |
| Buyback opens on/Buyback Opening Date | Update Soon | |
| Buyback closes on/Buyback Closing Date | Update Soon | |
| Cut-off date to receive completed tender forms by Registrar |
| |
| Cut-off date for verification by the Registrar | Update Soon | |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar |
Update Soon | |
| Last date of settlement of bids on the stock exchange | Update Soon | |
| Last date to return unaccepted shares by Registrar | Update Soon | |
| Last date of extinguishment of Equity Shares | Update Soon |
Note: If anything you want to know about the buyback offer you can refer the Archidply Industries Limited offer documents. Click Here
How to Participate in Archidply Industries Limited buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Archidply Industries Limited. in demat or physical form as on record date (not announced)
2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.
3. Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.
Checkout Current Industrial And Prudential Investment Company Shares market price on NSE and BSE: Archidply Industries Limited
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About Archidply Industries Limited :
Archidply Industries Limited is engaged in manufacturing plywood, decorative plywood and decorative laminates. The Company operates through two segments: Wood based product and Paper based product. The Company's Wood-based products segment includes Plywood, Block Board, Veneers, Decorative plywood, Prelaminated Partical Boards. The Company's Paper-based products segment includes Laminated Sheets (HPL). The Company's product categories include Plywood, Block Board and Flush Doors, Pre Laminated Board, Decorative Laminates and Decorative Veneers. The Company's products include MR Grade Plywood, BWR Plywood, Shuttering Plywood, Densified Film Faced Plywood, Fire Retardant Plywood, BWR Blockboard, BWP Flush Door, Teak Block Board, Pre Laminated Particle Board, Pre Laminated MDF Board, Archidlam Laminates, Post Forming Laminates, Archid Edge Laminates, Silvilam Laminates, Fire Retardant Laminates, Compact Laminates, Switch Board Laminates, Veneered Particle Board and Teak Plywood
NECESSITY OF BUYBACK By Archidply Industries Limited
2.1 The Buyback is being proposed by the Company to service the equity more efficiently. Additionally, the Company’s management strives to increase equity shareholders value and the Buyback would result in amongst other things
:a) The Buyback is being done to return surplus funds, after taking into account the strategic and operational cash needs of the Company in the short to medium term
b) The Buyback may help in improving earnings per share, return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value;
c) The Buyback gives an option to the equity shareholders, who can either
(i) choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback; or
(ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post the Buyback, without additional investment;
d) The Buyback, which is being implemented through the Tender Offer as prescribed under the Buyback Regulations, shall be from its existing securities holders on a proportionate basis in accordance with the provisions of Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018: provided that fifteen percent of the number of securities which the Company proposes to Buyback or number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders.
Company Contact Information
Archidply Industries Limited2/9, Ist Floor, W.H.S. Kirti Nagar,
Near Kirti Nagar Police Station, Block A,
Kirti Nagar Industrial Area, Kirti Nagar,
New Delhi, Delhi 110015 (India)
011 - 45642555, 42852022
www.archidply.com
011 - 45642555, 42852022
www.archidply.com
Registrar Contact Information
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083Tel:+91 022 49186200Contact Person: Mr. Sumeet DeshpandeE-mail: ipicl.buyback@linkintime.co.in
Indian Toners & Developers Limited Buyback 2021 FAQs:
When is Archidply Industries Limited Buyback Record Date?
Archidply Industries Limited. buyback 2020 record date is 19 January 2021
When is Archidply Industries Limited Buyback announcement Date?
Archidply Industries Limited. buyback 2021 announcement Date is 06 January 2021.
What is Archidply Industries Limited Buyback Price?
The company has fixed the price at ₹37 per share
How to apply for Archidply Industries Limited Buyback 2021?
As per the record date you need to have Archidply Industries Limited shares in your demat account. You can participate in buyback after having the stock in your account.
