At meeting held on 03 January 2019
The Board of K G Denim at its meeting held on 03 January 2019 has decided on the following -The Buy Back price of Rs.40/- (Rupees Forty Only) per fully paid up equity share remains the same. Thus, the revised Buy Back offer size is upto 21,96,500 fully paid up equity shares of face value of Rs.10/- each at a price of Rs.40/- per fully paid up equity share in cash aggregating to Rs.8,78,60,000 on proportionate basis through a 'Tender Offer' route using the stock exchange mechanism.
The revised Buy Back offer size is 8.14% & 9.42% of the fully paid up equity share capital & free reserves as per audited standalone and consolidated financial statements of the Company respectively for the financial year ended 31 March 2018.
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