The board of Hindustan Composites in its meeting on 22 October 2010 has approved the buyback of its fully paid equity shares at a price not exceeding Rs. 550 per share, upto a maximum limit of Rs. 3180.76 lakh being less than 10% of the total paid up capital and free reserves as per audited balance sheet for the year ended 31 March 2010. The maximum number of shares for buy back will be 5,78,320 equity shares. The minimum number of shares for buy back will be 1,25,000 equity shares.
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