Chambal Fertilisers & Chemicals informs about outcome of board meeting

Chambal Fertilisers and Chemicals Ltd. | Fertilizers | Chemicals & Fertilizers | BSE: 500085 | NSE: CHAMBLFERT

08 Jan 2024 Evaluate

Chambal Fertilisers & Chemicals has informed that the Board of Directors of the Company, at its meeting held today, January 8, 2024, have transacted the following matters: approved buyback of fully paid-up equity shares of face value of Rs 10 each, not exceeding 1,55,55,555 equity shares (representing 3.74% of the total paid-up equity share capital of the Company as on March 31, 2023) at a price of Rs. 450 per equity share, payable in cash for an aggregate amount not exceeding Rs. 700 crore (Rupees Seven Hundred Crore only) excluding taxes payable under the Income Tax Act, 1961 and expenses incurred and to be incurred for the buyback, which is 9.82% and 9.52% of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated balance sheet of the Company for the financial year ended March 31, 2023, respectively, on a proportionate basis from all existing shareholders of the Company as on the record date, through the ‘Tender Offer’ route in accordance with the provisions contained in the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (Buyback Regulations). The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations; taken note that the Promoters and Promoter Group of the Company have expressed their intention to tender shares under the buyback offer; pursuant to Regulation 42 of the Listing Regulations and Regulation 9(i) of the Buyback Regulations, fixed January 18, 2024 as the ‘Record Date’ for determining entitlement and names of the eligible shareholders/beneficial owners to whom the letter of offer will be sent, and who will be eligible to participate in the buyback.

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

Chambal Fert & Chem Share Price

455.70 1.85 (0.41%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coromandel Interntl.	1927.70
National Fertilizers	78.63
RCF	130.70
Chambal Fert & Chem	455.70
Paradeep Phosphates	124.85
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