kaveni seed company limited

koveri seeds
25'h Augusl 2021

BSE Limited National Sto.k Exchangc of India Limited

Deparhnent oI Corporate Services, Exchange Plaza,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex,
Dalal SheeL Bandra (E),
Mumbai - 400 001. Mumbai - 400 051

s Code : 532899 S b()1: KSCL

Dear Si/Madam,

Subject Announcement of Outcome of the Board Meeting Pursuant to Regulal;on 30 of thc

Secuities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations 2015, as amended ("LODR Regulations").

In furtherance of oill intimation lelter dated August 17, 2021, and in terms of Regulahon 30 oF thc
SEBI LODR Regulations, the board of dire.tors oI Kaveri Se-'d ComPan-"- Lnnited ( the
"Company") at its meetmg today considercd and approved the proposal for the buybacl oi the
Company's fully-paid equity shares having a Iace value of I 2/- each ("Equity Shares"), for an
aggregate amount not exceeding I 120,00,13,000/- (lndian RuPees One Hundrcd Trventv Crores
and Thirteen Thousand OnIy) excluding any expenses inculrcd or to be incurred for the Buyback
viz. biokerage, costs, fees, tLunover charges, taxes such as buyback tax, secu ties hansaction tax,
goods and serices tax (iI any) and income tax, starnP duh, advisors Iees, Printing exPenses,
filing fees and other incidental and related expenscs and charges ("Maxinum Buyback Size")
and at a pdce not exceeding < 850/- (lndian RuPees Eight Hundred and l-iJtl On1)') Per Elluitv
Share ("Maximum Buyback Pdce"), payable in cash, from its shareholders/benefi.ial ou'ners
(other than those who are promoters, members of the Promotcr grouP or Persons in control),
from the open market through stock exchange mechanism i.e., using the electronic trading
facilihes of the stock exchanges where the equity shares of the ComPanl' are listcd i e., Narional
Stock Exchange oI India Limited and BSE l.inited, in accordance $ith thc Provisions of lhe
Secudties ard Exchange Board oI India (Buy-tsack of Sccurjlies) Itegulatiotls, 2018, as amenclerl
("SEBI Buyback Regulations") and the Companies Act, 2013 and the rules ma.le thercunder,
each as amended {rom time to tilne ("Companies Act") (the Process being referre'l hareiraltcr As
"Buyback").

The indicative maximum number of Equity Shates ProPosed to bc bought back at the Maximum
Buyback Size and Maximum Buyback Pice under the Buyback would be 14,11,780 (fourtcen
Lakhs Eleven Thousand Seven Llundred and Eighw Oiny) Equity Sharcs ('Maximum Buyback
Shares'). If the Equity Shares are bought back at a pri.e below thc Maximum Bu-vback Price, thc
actual number of Equity Shares bought back could exceed the indicaiive Maxirnurn Buyback
Shaies (assuming full deployment of the Maximum Buyback Size) but ra'il1 aln'ays be subject to
the Maximum Buyback Size and will also be not more than 25% of the total number of Lquiq
Shares in the paid-up equity capital of the Company as of March 31, 2021.

/fu:t*,, DC

sECu|lo!&8a0
I

Regd. Office :# 513-B, 5th Floor, Minerva Comptex. S.D. Boad, Secunder 003. Telangana, lndia
fel : +91-40-2784 2398,2784 2405 Fax : +91-40-2781 1237 e-fiaiI : info@kaveriseeds.tn
CIN : L01 120TG1986P1C006728
\A/ \,v \ry kavea seeds n
kaveni eeed cornpany lirnited

The Maximum Buyback Size represents 9.70% and 9.569b of the aggregate of thc tdal paid-up
capital and free reserves of the Company based on the audited standalone and consolidated
financial statements of the Company as at March 31, 2021, resPcctively (being the latcst available
audited financial statements of the Company).
At the Maximum Buyback Price and the Maximum Bu),back Size, the indicativ. maximum
mrmber of Equity Shares bought back would be 1,1,11,780 Equit) Shares ("Maximum Buyback
Shares"), which represent approximately 2.34% of the paid up shares of the Companv as of 31st
March, 2021. If the Equitv Shares are bought back at a price beloh tlrt' Maximum uuyback P ce,
the actual number of Equity Sharcs bought back could exceed the Maximum Buyba(k Shares, but
will always be subject to the Maximum Buyback Size. The ComPanv shall utilise at least 509/" ol
the amount earmarked as the Maxirnunl Buyback Size lor the Buyback i.e. Rs. 60,00,06,500/
(Rupees Sixty Crores and Six Thousand Five Hundred Onl),) ("Minimum Buyback Size'). Based
on the Minimum Buyback Size and Maximum Buvback Price, the Companv would Purchase a
minimum of 205,890 Equity Shares.

The public alulouncement setting out details of Buyback including the piocess, timelines and
other statutory details of the Buyback will be released in accordance with the Buyback
Regulations.

The meeting of the Board of Directors of the company commen.ed at 12.00 Noon and concluded
at1.l5PM. on August 25th,2021.

We request you to tale the above inJormation on record and disseminate the same on the
Exchange website

The pre-Buyback and post-Buyback shareholding pattem oI the Companv is attached hereto as

Thanking you,

Yours faithfully,
KAVERI SEED COMPANY LIMITED

t.
0J a-W
KAI( RAO
GING DIRECTOR

EncL as above.

CC to: Securities and Exchange Board of India, Ivfumbai

l
 kaveni seed cornpeny lirnited

Annexure A

The shareholding pa ern ofthe Companv as on Augusl

20. 202t , .pre_Buvback..rand
paflem post the complelion oflhe Bu)bacL -_ _ ' rhe,hdr(hotdin!
{-post_Buybeck.., i: a\ folto,,. -
Category of Shareholder I're-B k Post-lJu back#
No. of Equity '7,Equity No. of
I
Shares Shares Equity Equity
Shares Shares
Promoters nd Grou 3,34,97,743 55.52 3,31,97,)43 56 85
Foreign I Incl ur.l 1! \on-
Resident Indians, FI Is 1,18,26,503 I9.60
Financial Ins titutioru I] anks 2E,65,463 .1 75 2,54,20.210 | 431a
Mufual Funds 71,776 0.12
Others blic, Bodies te etc 1,20,65,248 20.{10
Total 6,03 ,133 100.00 5,a9,"17 ,353 100.00
#Assuming that thi nulitt i'e i\Lttiuttn Bu
hdck Shl c.\ are back Hoveyer rhe s
post conpletion ofthe Bq,hack, mav difer
dcpending upon rhe utrual nunhcr ot Equit
back .5.
in the Buyback

Yours faithfully,
VERI SEED COMPANY LIMITED
7 b\

slcutoEiASlt
)g\t t,I"')oo
RAO
GING DIITECTOIT