Buyback of Bonus Shares

The buy-back is authorised by the Articles of association of the Company;.
A special resolution has been passed in the general meeting of the company authorising the buy-back. In the case of a listed company, this approval is required by means of a postal ballot. Also, the shares for buy back should be free from lock in period/non transferability.The buy back can be made by a Board resolution If the quantity of buyback is or less than ten percent of the paid up capital and free reserves;

Would like to add further on buy back quantum

By

Board Resolution - 10% Of Paid up equity + Free Reserves

Shareholder's Resolution -25% Of Paid Up Capital (Eq+Pref)+ Free Reserves

Max Quantum of Equity Buy Back -25% of Paid Up Equity

No New Issue of Same class until expiry of 6 months of previous buy back