At meeting held on 27 May 2015
SEAMEC announced that the Board of Directors of the Company at its meeting held on 27 May 2015, inter alia, have considered and approved the buyback of Equity Shares of the Company (the "Equity Shares") not exceeding 25% of the share capital of the face value of Rs. 10 each at a price of Rs. 125/- per Equity Share through the "Tender Offer" route as prescribed under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, as amended (the "Buyback Regulations") on a proportionate basis, subject to the approval of shareholders by way of a special resolution through postal ballot and regulatory compliances required under the law including the provisions of the Companies Act, 2013.Powered by Capital Market - Live News
