On 24 April 2013
The board of Agro Tech Foods in its meeting on 24 April 2013 has approved the proposal for buy back through tender offer method of approximately 1,000,000 fully paid equity shares of Rs 10 each from the shareholders at a price of Rs 520 per share payable in cash upto an aggregate amount of Rs 52 crore which is less than 25% of the aggregate of total paid capital and free reserves of the company as per the audited accounts of the company for the year ended on 31 March 2012.The company proposes to buyback through tender offer method on a proportionate basis. The buy back will be implemented with the approval of shareholders of the company by way of a special resolution through postal ballot and all other applicable statutory approvals.
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