27th March 2017
NOTICE
Sub: SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations)
To all Listed companies
Attention
of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/CFD/DCR1/CIR/P/2017/22 dated
March 15, 2017 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein
“Merchant Bankers
have been filing the DLOF and certain information about the acquirer, target
company, promoter etc. as per the prescribed format. It has been decided, in
consultation with market participants, to revise the time period for which
information is required to be filed with SEBI, in line with the provisions
relating to maintenance of records under the Companies Act, 2013. The format
and instructions prescribed vide aforementioned Circular shall stand modified
as given at Annexure.”
“Status of
compliance with the applicable provisions of the SEBI (SAST) Regulations with
respect to details of the acquisitions, if any, made by the Acquirer and PAC in
the TC during the financial year in which the Public Announcement has been made
and for a period of eight financial years preceding the financial year in which
the Public Announcement for instant open offer has been made. In case where an
open offer has already been made in respect of the TC during the past eight
financial years by any person, the aforesaid information shall be provided from
the date of expiry of offer period of such previous open offer.”
“The changes in
capital structure of TC during the current financial year in which the Public
Announcement has been made and for a period of eight financial years preceding
the current financial year in which Public Announcement has been made. In case,
where an open offer has already been made in respect of the TC in the past
eight financial years by any person, the aforesaid information shall be
provided from the date of expiry of offer period of such previous open offer.”
“Status of compliance
with the applicable provisions of the SEBI (SAST) Regulations/ with respect to
details of the acquisitions, if any, made by the promoter/ promoter group in
the TC during the financial year in which the Public Announcement has been made
and for a period of eight financial years preceding the financial year in which
the Public Announcement for instant open offer has been made. In case where an
open offer has already been made in respect of the TC during the past eight
financial years by any person, the aforesaid information shall be provided from
the date of expiry of offer period of such previous open offer.”
This is for information &
necessary action.
CS
Chandrani Datta