1. Firstly, to be eligible for the buyback the investor should have shares of Indian Toners & Developers 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 Indian Toners & Developers Limited :
Indian Toners & Developers Ltd
. has two production units now known by the name of unit 1 and unit 2 (ITDL Imagetec Limited has now been amalgamated with ITDL. After the amalgamation, both the companies are henceforth known by a single combined entity namely INDIAN TONERS & DEVELOPERS LTD.(ITDL). Unit 1 is located at Rampur, U.P. Unit 2 is located at Sitarganj, Uttarakhand. Indian Toners & Developers Ltd. is India’s largest manufacturer and exporter of compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide format printers and copiers. Indian Toners & Developers Ltd. also offers premium quality colour toners for use in laser printers.
Indian Toners & Developers Ltd. is an entrepreneurial venture, which was founded by its Chairman & Managing Director, Mr. Sushil Jain, a technocrat with an innovative vision. Quality consciousness, dedication to technological progress and determination for satisfaction of its customers, shareholders and employees underline the values set forth by its founder.
Employing highly automated and integrated German Plants, Indian Toners & Developers Ltd. has a manufacturing capacity to produce 3600 metric tons of toners per annum. The facility at Rampur has a manufacturing capacity of 1200 metric tons of toner per annum, while the facility at Sitargunj also has a manufacturing capacity of 2400 metric tons of toner per annum, with a total of 7 Production lines: 6 production lines each, with 600 tons manufacturing capacity. 1 exclusive production line for R&D.
Being the First Company of its kind, Indian Toners & Developers thus came onto the Indian business scenario as a pioneer in this highly technical field and since then has established itself firmly as the largest toner manufacturer and toner supplier in the domestic market with the single largest market share. ITDL
has a widespread distribution network with around 120 distributors present in every nook and corner of the country.ITDL caters to around 600 dealers,1500 refillers and 44000 jobbers present in all parts of the country. The Head Office of Indian Toners is based in New Delhi, and the sales team of the company comprises of around 100 people stationed in various parts of India to look after the sales of the company’s products. The regional offices of the company are located in the 4 Metropolitan cities of India: Delhi, Mumbai, Chennai and Kolkata.
exports Toners to more than 20+ countries and over the years, has become one of the leading toner manufacturers and toner suppliers of South East Asia. The Government of India has been awarding Indian Toners for its “Excellence in Export Performance” consecutively since the past several years. Indian Toners & Developers Ltd. has also established a wholly owned subsidiary in the United States of America called Indian Toners U.S.A. Company, in the state of Florida in June 2016 as well.
NECESSITY OF BUYBACK By Indian Toners & Developers 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.