News Announcement

MOIL: Submission Of The Draft Letter Of Offer Pertaining To The Proposed Buy-Back Of Shares

The Company is undertaking a Buyback in accordance with the Companies Act 2013 as amended the Securities and Exchange Board of India (Buy-Back of Securities) Regulations 2018 (Buyback Regulations) and other applicable laws if any. In this regard please find enclosed the soft copy (in pdf version) of the Draft Letter of offer dated December 24 2021 of the Company in relation to the Buyback Offer (Draft Letter of Offer) as Annexure 1 for your information and records.All terms used herein and not specifically defined shall have the same meaning as ascribed to such terms under the Draft Letter of Offer.

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