Last updated on August 22, 2024
Chaman Lal Setia Exports Buyback Record Date is 19 August 2024.
Founded in 1974, Chaman Lal Setia Exports is one of the largest manufacturers and exporters of basmati rice in India, known for its flagship brand “Maharani” basmati rice. The company specializes in milling and processing basmati rice. It has been engaged in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989.
Chaman Lal Setia Exports operates three rice mills located in Karnal (Haryana), Amritsar (Punjab), and Gandhidham (Gujarat). The company exports to over 90 countries, serving a customer base of more than 900 buyers and 440 distributors worldwide. The Asia Pacific, Middle East, and Africa regions contribute 84% of the overall revenues for FY24. Exports to America and Europe nearly doubled in FY24.
Chaman Lal Setia Exports Buyback Record Date, Other Details
| Chaman Lal Setia Exports Buyback Dates | 23 – 29 August 2024 |
| Chaman Lal Setia Exports Buyback Price | INR 300 per share |
| Market Price on Buyback Approval | INR 222.9 per share |
| Buyback Premium on Market Price | 34.59% |
| Buyback Offer Size (Shares) | 20,07,930 shares |
| Buyback Offer Size (Amount) | INR 60.24 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Chaman Lal Setia Exports Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 1 August 2024 |
| Buyback Approval Date | 6 August 2024 |
| Public Announcement of Buyback | 8 August 2024 |
| Chaman Lal Setia Exports Buyback Record Date | 19 August 2024 |
| Buyback Opening Date | 23 August 2024 |
| Buyback Closing Date | 29 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 29 August 2024 |
| Verification Date by the Registrar | 3 September 2024 |
| Return of unaccepted shares by Registrar | 5 September 2024 |
| Extinguishment of accepted shares | 17 September 2024 |
Chaman Lal Setia Exports Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Chaman Lal Setia Exports Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 21/251 | 8.37 |
| General category (for all other Eligible Shareholders) | 24/677 | 3.55 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Chaman Lal Setia Exports Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 932.49 | 1,387.35 | 1,355.63 |
| Total Expenses | 844.06 | 1,235.75 | 1,203.60 |
| Net Income | 64.98 | 117.67 | 115.64 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 300 |
| Maximum shares for small shareholders (2,00,000/300) | shares 667* |
| The closing price of the stock as of 6 August 2024 | INR 222.9** |
| Maximum amount invested in buyback (INR 222.9 x 667 shares) | INR 1,48,674.3 |
** For simplicity, we have considered the price on the buyback approval date
Chaman Lal Setia Exports Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 667 | 56 | 56 (100%) | 4,317.6 | 2.90 |
| 667 | 56 | 112 (200%) | 8,635.2 | 5.81 |
| 667 | 56 | 168 (300%) | 12,952.8 | 8.71 |
Registrar of Chaman Lal Setia Exports Buyback 2024
BEETAL FINANCIAL AND COMPUTER SERVICES PRIVATE LIMITED
Beetal House, 3rd Floor
99, Madangir, Behind Local Shopping Centre
Near Dada Harsukh Das Mandir
New Delhi – 110062
Phone: 011-29961281-83
Email: [email protected] / [email protected]
Website: www.beetalfinancial.com
Manager of Chaman Lal Setia Exports Buyback 2024
CORPORATE PROFESSIONALS CAPITAL PRIVATE LIMITED
D-28, South Extension,
Part I, New Delhi -110049, India
Phone: +91 011 4062 2230
Email: [email protected]
Website: www.corporateprofessionals.com
The Process to Participate in Chaman Lal Setia Exports 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 Chaman Lal Setia Exports’ buyback dates?
Chaman Lal Setia Exports share buyback opens on 23 August 2024 and closes on 29 August 2024.
Which type of buyback is Chaman Lal Setia Exports buyback offer?
Chaman Lal Setia Exports buyback is a tender offer.
What is the Chaman Lal Setia Exports buyback price?
Chaman Lal Setia Exports buyback price is INR 300 per share.
What is the Chaman Lal Setia Exports buyback record date?
The Chaman Lal Setia Exports buyback record date is 19 August 2024.
How to participate in Chaman Lal Setia Exports share buyback?
Chaman Lal Setia Exports share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
