Arex Industries has informed that the Board considered and passed the following matters: 1. Fixed record date being 7th September, 2024 to determine the entitlement and names of Equity Shareholders, who shall be entitled to participate in the proposed offer for Buyback of upto 3,60,000 Equity Shares of the Company at the price of Rs. 195/- per Equity Shares, as intimated vide outcome of Board Meeting on 6th August, 2024, which is subject to approval of the members at the ensuing Extra-Ordinary General Meeting scheduled to be held on 4th September, 2024. 2. Appointment of various agencies such as Merchant Bankers, Banker for Escrow Account, Brokers for Escrow Demat, etc. related to the proposed buyback which is subject to approval of the members at the ensuing Extra-Ordinary General Meeting scheduled to be held on 4th September, 2024 and other incidental matters relating thereto. The meeting of the Board of Directors of the Company commenced at 11.00 am and concluded at 11.55 am.
The above information is a part of company’s filings submitted to BSE.
