Board of Engineers India approves buyback of shares for an aggregate Rs 658.80 crore

At meeting held on 20 March 2017

The Board of Directors of Engineers India at their meeting held on 20 March 2017 has approved the following -

Approved the alteration of Article of Association to empower the Company to buyback its shares.

Approved the proposal to buyback not exceeding 4,19,61,780 equity shares of the Company (representing 6.23% of the total number of shares in the paid up share capital of the Company) at a price of Rs 157 per share payable in cash for an aggregate consideration not exceeding Rs 658.80 crore.

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