Arex Industries Buyback Record Date 7 September 2024.Â
Founded in 1989 and headquartered in Gandhinagar, Arex Industries specializes in crafting and distributing a diverse range of woven and printed labels for garment producers both within India and across the globe.
Arex Industries produces an impressive 414 million woven labels each year. These labels come in high-quality satin or taffeta, available in white, black, or a colored warp base featuring up to 12 colors. The company offers woven labels with an array of finishes such as end fold, center fold, miter fold, Manhattan fold, starched, coated, self-adhesive, thermo-adhesive, laser cut, die cut, filled-in, and comfort soft.
The company maintains a network of customer service centers located in Ahmedabad, Mumbai, Bangalore, Chennai, Tirupur, and Indore.
Arex Industries Buyback Record Date, Other Details
| Arex Industries Buyback Dates | 12 – 19 September 2024 |
| Arex Industries Buyback Price | INR 195 per share |
| Market Price on Buyback Approval | INR 183.55 per share |
| Buyback Premium on Market Price | 6.24% |
| Buyback Offer Size (Shares) | 3,60,000 shares |
| Buyback Offer Size (Amount) | INR 7.02 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
Arex Industries Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 31 July 2024 |
| Buyback Approval Date | 6 August 2024 |
| Public Announcement of Buyback | 6 September 2024 |
| Arex Industries Buyback Record Date | 7 September 2024 |
| Buyback Opening Date | 12 September 2024 |
| Buyback Closing Date | 19 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 19 September 2024 |
| Verification Date by the Registrar | 26 September 2024 |
| Return of unaccepted shares by Registrar | 26 September 2024 |
| Extinguishment of accepted shares | 7 October 2024 |
Arex Industries Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Arex Industries Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 127/753 | 16.87 |
| General category (for all other Eligible Shareholders) | 74/761 | 9.72 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Arex Industries Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 53.75 | 45.02 | 51.01 |
| Total Expenses | 44.67 | 39.91 | 43.25 |
| Net Income | 3.70 | 0.70 | 2.54 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 195 |
| Maximum shares for small shareholders (2,00,000/195) | 1,026 shares * |
| The closing price of the stock as of 6 August 2024 | INR 183.55** |
| Maximum amount invested in buyback (INR 183.55 x 1,026 shares) | INR 1,88,322.3 |
**Â For simplicity, we have considered the price on the buyback approval date
Arex Industries Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,026 | 174 | 174 (100%) | 1,992.3 | 1.06 |
| 1,026 | 174 | 348 (200%) | 3,984.6 | 2.12 |
| 1,026 | 174 | 522 (300%) | 5,976.9 | 3.17 |
Registrar of Arex Industries Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 911 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Arex Industries Buyback 2024
INTERACTIVE FINANCIAL SERVICES LIMITED
Office No. 508, Fifth Floor, Priviera,
Nehru Nagar, Ahmedabad – 380 015, Gujarat
Phone: +91-9898055647
Email:Â [email protected]
Website:Â www.ifinservices.in
The Process to Participate in Arex Industries Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Arex Industries’ buyback dates?
Arex Industries’ buyback opens on 12 September 2024 and closes on 19 September 2024.
Which type of buyback is Arex Industries buyback offer?
Arex Industries’ buyback is a tender offer.
What is Arex Industries buyback price?
Arex Industries’ buyback price is INR 195 per share.
What is the Arex Industries buyback record date?
Arex Industries buyback record date is 7 September 2024.
How to participate in Arex Industries share buyback?
Arex Industries share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
