Emami informs about outcome of board meeting

Emami Ltd. | Household & Personal Products | FMCG | BSE: 531162 | NSE: EMAMILTD

19 Mar 2020 Evaluate

In furtherance to the letter dated March 16, 2020 and pursuant to Regulation 30 of the SEBI Listing Regulations read with circular issued by the Securities and Exchange Board of India (‘SEBI') bearing number CIR/CFD/CMD/4/2015 dated September 09, 2015, Emami has informed that the Board of Directors of the Company, at its meeting held on March 19, 2020 at 12:15 pm which concluded at 1:15 pm, approved the buyback of the Company's fully paid up equity shares having a face value of Re 1 each (the ‘Equity Shares’), for an aggregate amount not exceeding Rs 194.08 crore excluding brokerage, costs, fees, turnover charges, taxes such as securities transaction tax, goods and service tax (if any) and income tax, stamp duty and other incidental and related expenses (‘Maximum Buyback Size’) and at a price not exceeding Rs 300 per Equity Share (‘Maximum Buyback Price’), payable in cash, from its shareholders/ beneficial owners (other than those who are promoters, members of the promoter group or persons in control), from the open market through stock exchange mechanism in accordance with the provisions of the SEBI (Buy-Back of Securities) Regulations, 2018, as amended (‘Buyback Regulations’) and the Companies Act, 2013 and the rules made there under, each as amended from time to time (‘Companies Act’) (the process being referred hereinafter as ‘Buyback’).

The above information is a part of company’s filings submitted to BSE.