ACTIVITY TRACKER ON BUYBACK THROUGH TENDER OFFER

ESTIMATED TIMELINES FOR BUYBACK THROUGH TENDER OFFER

Activity	Days
PRE POSTAL BALLOT
Prior intimation to stock exchanges about the board meeting at which the proposal for Buy-Back of securities is to be considered.	-6 (T-6)
Date of Board Meeting approving the Buyback of equity shares	0
Intimation to the stock exchanges about decision on buy back of securities and approval of notice of postal ballot, calendar of event for postal ballot	0
Company to send Postal Ballot Notice for review	1
Provide comments on the Notice	2
Finalise the Postal Ballot Notice and initiate printing process	3
Last Date for Dispatch of Postal Ballot Notice	15
Notice for dispatch of Postal Ballot Notice to be published in newspapers	16
30 days period for voting commences	16
Last date for voting	45
Declaration of Postal ballot results, intimation to Stock Exchanges	48
Declaration of Record Date for determining the Entitlement and the names of Eligible Shareholders	48
Opening of escrow accounts	48
Filing of Declaration of Solvency with ROC	49
Give Public Announcement (PA) for the Buyback to the Press	49
Publication of Public Announcement (PA) for the Buyback	50
Filing of a copy of resolution with SEBI and stock exchanges	50
Simultaneous filing of PA, declaration of solvency with SEBI	50
Filing of draft letter of offer (DLOO) with SEBI	51
Record Date for determining the Entitlement and the names of Eligible Shareholders	59
Receipt of SEBI Comments	62
Deposit funds in Escrow	62
Dispatch of final letter of offer to all existing security holders	65
Buyback opens on / Date of Opening of Buyback	73
Buyback closes on / Date of Closing of Buyback	86

POST BUY BACK
Opening of special account with a banker to issue	87
Verification of shares	91
Settlement of shares through stock exchanges	92
Extinguishment of Equity Shares	93
Publication of post issue advertisement	94
File final return with SEBI	94
Return of buyback to be filed with ROC	97

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