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Mayur Uniquoters Approves Q1 Results, AGM, and Significant Share Buyback

Mayur Uniquoters Limited held its Board Meeting on August 8, 2024, at its registered office in Jaipur, where the Board approved the unaudited financial results for Q1 2024-25, set dates for the 31st Annual General Meeting (AGM), and sanctioned a major share buyback program.

Q1 Financial Results and Limited Review Report

Approval of Q1 Financial Results

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ending June 30, 2024. The key financial highlights are as follows:

• Revenue from Operations: ₹19,474.17 lakhs
• Profit Before Tax: ₹4,575.50 lakhs
• Net Profit: ₹3,472.65 lakhs

The results were reviewed by M/s Walker Chandiok & Co. LLP, the statutory auditors of the company, and their Limited Review Report has been duly noted by the Board.

Publication in Newspapers

In compliance with Regulation 47 of the SEBI Listing Regulations, the extract of these financial results will be published in leading newspapers.

Annual General Meeting and Dividend Declaration

Key AGM Dates

• AGM Date: September 14, 2024, at 11:00 A.M. (via Video Conferencing/Other Audio Visual Means)
• Book Closure Dates: August 24, 2024, to August 26, 2024 (both days inclusive)
• Record Date for Dividend: August 23, 2024

Agenda for AGM

The Board approved the Notice for the 31st AGM, where shareholders will discuss the Board’s Report, the Management Discussion and Analysis Report, the Corporate Governance Report, and the Business Responsibility and Sustainability Report.

Dividend Entitlement

The shareholders on record as of August 23, 2024, will be entitled to the final dividend for the financial year ending March 31, 2024. The final dividend, subject to approval at the AGM, will be distributed on or after September 14, 2024.

Significant Share Buyback Announcement

Details of Buyback

The Board has approved a share buyback of 5,00,000 fully paid equity shares at ₹800 per share. This buyback represents up to 1.14% of the company’s paid-up equity share capital and amounts to ₹40 crores, excluding transaction costs.

Buyback Process and Record Date

• Tender Offer Route: The buyback will be conducted through a tender offer, allowing all equity shareholders, including promoters, to participate proportionately.
• Buyback Committee: The Board has formed a Buyback Committee to oversee the process, which includes the possibility of adjusting the buyback price or quantity up to one working day prior to the record date.
• Record Date for Buyback: August 23, 2024

Pre and Post Buyback Shareholding

The pre-buyback shareholding pattern, as of July 30, 2024, is enclosed, with detailed post-buyback patterns to be disclosed after the completion of the buyback process.