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Aia Engineering informs about corporate action

07 Aug 2024 Evaluate
Aia Engineering has informed that the Board of Directors of the Company, at its meeting held today, i.e., August 07, 2024, have approved the Buy-back of up to 10,00,000 (Ten Lakhs Only) fully paid-up Equity Shares of face value of Rs 2 each by the Company (representing 1.06% of the total number of Equity Shares of the Company) at a price of Rs 5,000 (Rupees Five Thousand) per Equity Share payable in cash for a total consideration not exceeding Rs 500,00,00,000 (Rupees Five Hundred Crores only) (excluding transaction costs such as brokerage, filing fees, advisors/ legal fees, public announcement publication expenses, printing and dispatch expenses, applicable taxes such as buyback tax, securities transaction tax, good and service tax, stamp duty, etc.) representing 7.92% and 7.51% of the total paid-up equity share capital and free reserves (including securities premium account) as per the audited standalone financial statements and audited consolidated financial statements of the Company for the period ended on March 31, 2024, through the ‘Tender Offer’ route as prescribed under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 as amended, (Buyback Regulations) on a proportionate basis, from the Equity Shareholders/beneficial owners of the Equity Shares of the Company including promoters, members of promoter group and persons acting in concert, as on the record date i.e. Tuesday, August 20, 2024. In accordance with Regulation 5(via) of the Buyback Regulations, the Board of Directors of the Company may, till one working day prior to the record date, increase the maximum Buy-back price and decrease the number of securities proposed to be bought back, such that there is no change in the aggregate size of the Buy-back.

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

AIA Engineering Share Price

3970.80 -37.20 (-0.93%)
08-May-2026 16:59 View Price Chart
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