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.
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.