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Cheviot Co board approves buy back of shares

28 May 2024 Evaluate
Cheviot Co has informed that it enclosed a certified true copy of the Board Resolution passed on 24th May, 2024 approving the Buy-Back of up to 1,75,000 (One Lakh Seventy-Five Thousand) fully paid-up ordinary shares of face value of ?10 (Rupees Ten Only) each of Cheviot Company (the Company), from the shareholders / beneficial owners holding shares of the Company as at the close of business hours on Friday, 14th June, 2024, being the Record Date, on a proportionate basis through “Tender Offer” route using the Stock Exchange Mechanism, at a price of ?1,800 (Rupees One Thousand Eight Hundred Only) per ordinary share, payable in cash, for an aggregate amount not exceeding ?31,50,00,000 (Rupees Thirty-One Crores Fifty Lakhs Only) representing 6.52% of the aggregate paid-up ordinary share capital and free reserves as per the latest audited standalone financial statements of the Company for the financial year ended 31st March, 2024 (the Company does not prepare consolidated financial statements), excluding any expenses incurred or to be incurred for the Buy-Back, in accordance with the provisions of Article 83 of the Articles of Association of the Company, the provisions of Sections 68, 69, 70 and other applicable provisions, if any, of the Companies Act, 2013, the Companies (Share Capital and Debentures) Rules, 2014 to the extent applicable and in compliance with the Buy-Back Regulations and subject to such other regulatory approvals, permissions, consents and sanctions as may be necessary under applicable laws and regulations, which may be agreed to by the Board.

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

Cheviot Company Share Price

1112.75 0.00 (0.00%)
21-Apr-2026 16:59 View Price Chart
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