Kaveri Seed said in the fling aftermarket hours on Monday that the board will consider a proposal for buyback of fully paid-up equity shares of the company on September 24, 2019.
Kaveri Seed Company Ltd is currently trading at Rs539, up by Rs10.45 or 1.98% from its previous closing of Rs528.55 on the BSE.
“The board of directors of the company will meet on Tuesday, September 24, 2019, to consider a proposal for buyback of fully paid-up equity shares of the Company, quantum & mode of Buy-back and other matters incidental thereto in accordance with the provisions of Sections 68, 69 and 70 of the Companies Act, 2013 and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended and other applicable regulatory provisions if any,” the company said.
Further, we have to inform you that as Per the "Insider Trading Code" of the Company and in view of the Board Meeting of the Company scheduled to be held on day of September 24, 2019 proposal for the Buyback of Equity Shares of the Company, the "Trading Window" of the Company shall remain closed for all Designated Persons including Promoters, Directors, Key Managerial Personnel and Designated Employees of the Company from September 17, 2019 to September 26, 2019 (both days inclusive), in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, it added.
The scrip opened at Rs536 and has touched a high and low of Rs541.95 and Rs533.60 respectively.
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