Inspiring excellence A saga of strength and achievement Since its modest beginning in the year 1978, the Hyderabad based Surana Group, has single mindedly worked towards exceeding customer satisfaction in terms of quality of the product and service. Powered by Professional team of visionaries, with an experience of over four decades, today Surana Group is a well-diversified conglomerate with focus on niche areas of Telecommunications, Copper rods, Copper Pipes, Copper Sheets, Copper Foils and Power Cables, having established itself in Wind Power generation the group is now entering Solar Power and is making giant strides in Infrastructure, Entertainment and Tourism. The core businesses of Surana Group are in a diverse range of industries firmly rooted in high growth sectors and are today a Pan India enterprise. Bhagyanagar India Ltd., the flagship company of the group has diverse business such as copper products, Jelly Filled Cables, Real Estate & Infrastructure. The company is also into Wind Power generation with an installed capacity of 12MW in Karnataka Surana Telecom & Power Ltd., The company currently operates in two main business segments & Power Sector. In its list of products it has Jelly Filled Telephone Cables, Optical Fiber Cables, Assembly of CDMA Mobile hand sets Fixed wireless Telephones, Power Cables. Surana Ventures Ltd., The Company is setting up a fully automated Silicon Wafers & Solar Photovoltaic module manufacture unit with an installed capacity to produce 80MW and is also in the advance stage of finalizing 35MW thin film Solar Power project .
This is to inform you that the Board of Directors of the Company at their Meeting held on 09.04.2009, has approved:
Buy Back of the Company’s fully paid-up equity shares of Rs.2/- each, from open market through Stock Exchange mechanism, subject to the approval of the members through postal ballot and from SEBI under the SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 1997 , for an amount not exceeding Rs.20,00,00,000/- (Rupees Twenty Crores only) to a minimum of 50,00,000 shares and a maximum of 1,00,00,000 shares, up to a maximum price of Rs. 40/- per equity share, in accordance with the provisions contained in the Articles of Association, 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956. The above decision of the board has been taken to enhance overall shareholder value by returning surplus funds to shareholders in an investor-friendly manner and to enhance the earnings per share of the Company in future, and create a long-term shareholder value.
