Pennar Industries has informed that the Company has completed the Buyback of equity shares from the shareholders of the Company excluding promoters, promoter group, persons acting in concert and persons who are in control of the Company, payable in cash via the open market route through the stock exchanges, in accordance with the applicable laws including Sections 68, 69 and 70, and other applicable provisions of the Companies Act, 2013, as amended, and the Buy-back Regulations. With respect to the Buy-back, in accordance with the Regulation 24(vi) of the Buy-back Regulations, the post offer public advertisement regarding completion of the Buy-back (Public Advertisement) was published on May 22, 2020 in Business Standard (English national daily). The Company enclosed a copy of the Public Advertisement for information and record.
The above information is a part of company’s filings submitted to BSE.
