Company Profile

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed a copy of Postal Ballot Notice dated February 14, 2020, for seeking approval of Members to special business as contained in the said Notice. The said Notice has been sent to the shareholders through permitted modes, whose name appear on the Register of Members / list of Beneficial Owners as on February 14, 2020 i.e. the Cut-off date. The Company has engaged the services of KFin Technologies Private Limited for providing the e-voting facility to all the holders of Equity Shares. The voting through postal ballot and e-voting will commence at 10:00 AM on Thursday, February 20, 2020 and shall end at 5:00 PM on Friday, March 20, 2020. The results of postal ballot will be declared on Saturday, March 21, 2020.

Pursuant to applicable provisions of SEBI (LODR) Regulations, 2015, we wish to inform that today i.e. 13.02.2020, Indiabulls Ventures Limited has issued and allotted 34,08,600 Fully Paid-up Equity Shares of face value Rs. 2/- each (FPS), to eligible employees upon exercise of options vested under -'Indiabulls Ventures Limited Employees Stock Option Scheme - 2008' and 'Indiabulls Ventures Limited Employees Stock Option Scheme - 2009'. Consequently, the paid-up equity share capital of the Company stands increased from Rs. 101,54,10,133.60 (consisting 46,21,20,840 FPS, 8,28,03,864 Partly Paid-up Equity Shares (PPS) with Rs.1.10 paid per PPS) and 1,05,254 (PPS) with Re.0.80 paid per PPS) to Rs. 102,22,27,333.60 (consisting 46,55,29,440 FPS, 8,28,03,864 Partly Paid-up Equity Shares (PPS) with Rs.1.10 paid per PPS) and 1,05,254 (PPS) with Re.0.80 paid per PPS). Pl. refer attachment.

Further to our letter dated 10.01.2020, we wish to inform that pursuant to Regulation 24(vi) of SEBI (Buy-Back of Securities) Regulations, 2018 ('Buy-back Regulations'), as amended, the Company has published the Post- Buy-back Public Announcement in Financial Express (English) and Jansatta (Hindi) newspapers, today i.e. February 6, 2020, for the Buy-back of 6,66,66,666 fully paid-up equity shares of face value of Rs. 2/- each, at a price of Rs. 150/- per share, on a proportionate basis from the eligible shareholders as on the Record Date of December 19, 2019, through the tender offer route. For ref., copies of advertisements published are enclosed. Further, the settlement of all valid bids has been completed on February 4, 2020 and unaccepted equity shares have also been returned to respective Shareholder Brokers/custodians on February 4, 2020. Consequently, in terms of Regulation 2(d) of Buy-back Regulations, the buy-back offer of the Company stands closed on February 4, 2020.