Camlin Fine Sciences announces opening of QIP issue

On 28 June 2016

Camlin Fine Sciences announced that subsequent to the approval accorded by the Board of Directors of the Company, at its meeting held on 25 September 2015 and the special resolution passed by the shareholders of the Company on 02 December 2015 by way of postal ballot for the QIP, the QIP Committee of the Company, on 28 June 2016 has, inter alia passed the following resolutions:

a. Authorising the opening of the QIP on 28 June 2016.

b. Approving the preliminary placement document dated 28 June 2016 in connection with the QIP; and

c. Approval of the floor price for the QIP.

Further, the 'Relevant Date' for this purpose, in terms of Regulation 81(c)(i) of the SEBI ICDR Regulations, is 28 June 2016 and accordingly the floor price in respect of the aforesaid QIP, based on the pricing formula as prescribed under Regulation 85(1) of the SEBI ICDR Regulations is Rs. 89.89 per Equity Share. Pursuant to Regulation 85 of the SEBI ICDR Regulations the Company may offer a discount of not more than 5% on the floor price so calculated for the QIP.

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