Offer procedure

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....accordance with the provisions of the Companies Act, within two working days from the record date and that in the case of receipt of a request from any shareholder to receive a copy of the letter of offer in physical form, the same shall be provided.] (iii) Even if an eligible public shareholder does not receive the tender offer/offer form, he may participate in the buy-back offer and tender shares in the manner as provided by the Board. (iv) An unregistered shareholder may also tender his shares for buy-back by submitting the duly executed transfer deed for transfer of shares in his name, along with the offer form and other relevant documents as required for transfer, if any. (v) The date of the opening of the offer shall be not l....

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....reafter from securities holders who have tendered over and above their entitlement in other category. (xi) Escrow account (a) The company shall, ^5[within two working days of the public announcement] as and by way of security for performance of its obligations under the regulations, ^6[****], deposit in an escrow account such sum as specified in clause (b); (b) The escrow amount shall be payable in the following manner: (i) if the consideration payable does not exceed Rs. 100 crores; 25 per cent of the consideration payable; (ii) if the consideration payable exceeds Rs. 100 crores; 25 per cent upto Rs. 100 crores and 10 per cent thereafter. (c) The escrow account referred to in this regulation....

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....11A[Explanation: The bank guarantee shall not be returned by the merchant banker ^21[till] the completion of all obligations ^22[specified] under these regulations.] (f) The company shall, in case the escrow account consists of securities, empower the merchant banker to realise the value of such ^23[an] escrow account by sale or otherwise and ^24[in case of] any deficit ^25[upon the] realisation of the value of the securities, the merchant banker shall be liable to make good any such deficit. (g) In case the escrow account consists of ^12[*****] approved securities, ^26[such securities] shall not be returned by the merchant banker till ^27[the] completion of all ^28[the] obligations ^29[specified] under....

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....n No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 w.e.f. thirtieth day from the date of their publication in the Official Gazette before it was read as,  "Explanation: (a) Letter of Offer may also be dispatched through electronic mode in accordance with the provisions of the Companies Act. (b) On receipt of a request from any shareholder to receive a copy of the letter of offer in physical form, the same shall be provided. (c) The aforesaid shall be disclosed in the letter of offer." 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 w.e.f. thirtieth day from the date of their publication in the Official Gazette before it was read as, "five working ....

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....irtieth day from the date of their publication in the Official Gazette before it was read as,  "acceptable securities with appropriate margin, with the merchant banker"  9A.  Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 w.e.f. thirtieth day from the date of their publication in the Official Gazette. 10. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 w.e.f. thirtieth day from the date of their publication in the Official Gazette before it was read as,  "(i), (ii) and (iii)" 11. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 w.e.f. thirtieth day from the date....

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....2026/306 dated 01-07-2026 w.e.f. 01-08-2026 18.  Inserted vide F. No. SEBI/LAD-NRO/GN/2026/306 dated 01-07-2026 w.e.f. 01-08-2026 19.  Substituted vide F. No. SEBI/LAD-NRO/GN/2026/306 dated 01-07-2026 w.e.f. 01-08-2026 before it was read as, "until" 19A.  Substituted vide F. No. SEBI/LAD-NRO/GN/2026/306 dated 01-07-2026 w.e.f. 01-08-2026 before it was read as, "until" 20.  Inserted vide F. No. SEBI/LAD-NRO/GN/2026/306 dated 01-07-2026 w.e.f. 01-08-2026 21.  Substituted vide F. No. SEBI/LAD-NRO/GN/2026/306 dated 01-07-2026 w.e.f. 01-08-2026 before it was read as, "until" 22.  Inserted vide F. No. SEBI/LAD-NRO/GN/2026/....