8

MOlL Ll M

ITEDciN:L99999MH19&2GOI01239B

Registered & Corporate Office: MOIL Bhawan, 1-A, Katol Road, Nagpur- 440 013, Maharashtra.
Tel: 0712-2806208 I 182; Fax: 0712-2591661; Email: npandey@moil.nic.in, moilsecretary@gmail.com
Website: www.moil.nic.in; Contact Person: Shri Neeraj Dull Pandey, Company Secretary and Compliance Officer

POST BUYBACK PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF EQUITY SHAREHOLDERS/ BENEFICIAL
OWNERS OF EQUITY SHARES OF MOIL LIMITED

This Public Announcement (the "Post Buyback Public Announcement") Is being made pursuant to the provisions of Regulation 19 (7) of the Securities and Exchange Board ollndla (Buy
Back of Securities) Regulations, 1998, as amended (the "Buyback Regulations"). This Post Buyback Public Announcement should be read in conjunction with the Public Announcement
dated July 27, 2016 (the "Public Announcement"), the LeHer of Offer dated September 9, 2016 (the "Letter of Offer") and the Corrigendum to the Letter ol Offer dated September
22, 2016. The terms used but not defined in this Post Buyback PUblic Announcement shall have the same meanings as assigned in the Public Announcement and the Letter of Offer.
1. THE BUYBACK
1.1 MOIL Limited (the "Company") had announced the Buyback of not exceeding 3,48, 12,196 fully paid-up equity shares of face value oft 10 each ("Equity Shares") from
all the existing shareholders I beneficial owners of Equity Shares as on the record date (i.e. Monday, August 8, 2016), on a proportionate basis, through the "Tender Offer"
process at a price of t 248 (Rupees Two Hundred and Forty Eight only) per Equity Share payable in cash for an aggregate consideration not exceeding t 863,34,24, 739
(Rupees Eight Hundred Sixty Three Crore Thirty Four Lakh Twenty Four Thousand Seven Hundred And Thirty Nine Only) ("Buyback Offer Size"). The Buyback Offer Size
represents not exceeding 25% of the aggregate of the Company's fully paid-up equity share capital and free reserves, as per the audited accounts of the Company for the
financial year ended March 31, 2016 (the last audited standalone financial statements available as on the date of Board Meeting recommending the proposal of the Buyback)
and is within the statutory limits of 25% ofthe aggregate ofthe fully paid up share capital and free reserves as per the audited accounts of the Company for the financial year
ended March 31, 2016. The number of Equity Shares bought back in the Buyback constitutes 20.72 %ofthe pre Buyback equity share capital of the Company.
I .2. The Company has adopted Tender Offer route for the purpose of Buyback. The Buyback was implemented using the "Mechanism for acquisition of shares through Stock
Exchange" notified by SEBI vide circular CIR/CFDIPOLICYCELL/112015 dated April13, 2015 ("SEBI Circular").
I .3 The Buyback Offer opened on Monday, September I 9, 2016 and closed on Friday, September 30, 2016.
2. DETAILS OF BUYBACK
2.1. The total number of Equity Shares bought back under the Buyback Offer are 3,48, 12,196 (Three Crore Forty Eight Lakh Twelve Thousand One Hundred and Ninety Six) Equity
Shares at a price oft 248 (Rupees Two Hundred and Forty Eight only) per Equity Share.
2.2 The total amount utilized in the Buyback of Equity Shares is t 863,34,24,608 (Rupees Eight Hundred Sixty Three Crore Thirty Four Lakh Twenty Four Thousand Six Hundred
And Eight only) excluding transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty, etc.
2.3 The Registrar to the Buyback i.e. Bigshare Services Private Limited (the "Registrar") considered 234 valid bids for 4,57,59,206 (Four Crore Fility Seven Lakh Fifty Nine
Thousand Two Hundred and Six) Equity Shares in response to the Buyback, resuiting in the subscription of approximately 1.31 times the maximum number of shares
proposed to be bought back. The details of valid bids received by the Registrar to the Buyback Offer" are as follows:

Total

3 4812196

234

Pre Bu back
No. ol Equity Shares
Amount (t)
25,00,00,000
250,00,00,000
16,80,00,000
168,00,00,000
#

Post Bu back"'
No. of Equity Shares
Amount (t)
25,00,00,000
250,00,00,000
13,31 ,87,804
133,18,78,040

Subject to extinguishment of 3,48, 12,196 Equity Shares.

3.2. The details of the Shareholders I beneficial owners from whom Equity Shares exceeding 1% of the total Equity Shares bought back have been accepted for Buyback Offer are
as mentioned below:

Name of the Shareholder

President of India acting through Ministry of Steel, Government of India
The Governor of the State of Maharashtra acting through the Industries,
Ene and Labour De artment Government of Maharashtra

16,91,333

4.86%

1.27%
0.59%

3.3.

No. ol Equity
Shares
10,06,61 ,202
97,27,991
69,78,205
1,58,20,406
13,31 ,87,804

5. DIRECTORS' RESPONSIBILITY
As per Regulation 19(1) (a) of the Buyback Regulations, the Board of Directors of the Company accept full responsibility for the information contained in this Post Buyback Public
Announcement and confirms that the information in this Post Buyback Public Announcement contain true, factual and material information and does not contain any misleading information.
For and on behan of the Board of Directors of
MOIL Limited
Date: October 7, 2016
Place: Nagpur

Sd/-

Sd/-

Sd/-

Mukund Prabhakar Chaudhari

Chairman-cum-Managing Director
DIN: 05339308

Tanmaya Kumar Pattnaik

Director (Commercial)
DIN: 07081231

Neeraj Dull Pandey

Company Secretary
Raka