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TELEGRAMS : 'TROBAS' CALCUTTA
TELEPHONE : 2212-6253, 2212-8016
FAX : 00-91-33-2212 7476
EMAIL : gbasuco@rediffmail.com |
G. BASU & CO.
CHARTERED ACCOUNTANTS
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BASU HOUSE
3,CHOWRINGHEE APPROACH
KOLKAT A - 700072
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August 17, 2009
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Certificate regarding Pricing of the Issue
with reference to
Clause 13.1.1 of SEBI (Disclosure & Investor Protection)
Guidelines, 2000
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TO WHOM IT MAY CONCERN
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| 1). The average of the weekly high and low of
the closing prices of Equity Shares of Nicco Corporation Limited
quoted on the Stock Exchange during the six months preceding
the relevant date, in accordance with the provisions of clause
13.1.1 of SEBI (DIP) Guidelines, 2000, relating to Pricing of
the Issue, amounts to Rs 5.39. |
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| The computation of the above amount is enclosed
as per Annexure 1 |
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| 2).The average of the weekly high and low of the
closing prices of Equity Shares of Nicco Corporation Limited
quoted on the Stock Exchange during the two weeks preceding
the relevant date, in accordance with the provisions of clause
13.1.1 of SEBI (DIP) Guidelines, 2000, relating to Pricing of
the Issue, amounts to Rs 6.12. |
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| The computation of the above amount is enclosed
as per Annexure 2 |
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| As per clause 13.1.1 of SEBI (DIP) Guidelines,
2000, relating to Pricing of the Issue, the issue on a preferential
basis can be made at a price not less than higher of the above
two amounts (higher of Rs 5.39 and Rs 6.12) i.e., Rs 6.12. |
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For G. BASU & CO.
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CharteredAccountants
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Kolkata
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(J.N.DHAR)
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Partner
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(M. No. 007117)
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ANNEXURE 1
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Computation for the purposes of Pricing
of Issue with reference to
Clause 13.1.1 of SEBI (Disclosure & Investor Protection)
Guidelines, 2000.
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| The average of the weekly high and low of the
closing prices of the Equity Shares of Nicco Corporation Limited
quoted on the Stock Exchange during the six months preceding
the relevant date (relevant date for the purpose of the clause
means the date thirty days prior to the date on which the meeting
of general body of shareholders is held in terms of section
81(1A) of the Companies Act, 1956) |
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| Date of Annual General Meeting
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16th September, 2009
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| Relevant Date
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17th August, 2009 |
| Six months preceding
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From 16th February, 2009 to 16th
August, 2009 |
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Aggregate of weekly high and low of the closing
price from 16th February, 2009 to 16th August, 2009
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= Rs 140.03. |
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| Total number of weeks of trade from 16th February,
2009 to 16th August, 2009 |
= 26 |
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| Therefore, average of weekly high and low of the
closing prices from 16th February, 2009 to 16th August, 2009 |
= Rs 140.03 / 26 |
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= Rs 5.39 |
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For G. BASU & CO.
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CharteredAccountants
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Kolkata
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(J.N.DHAR)
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Partner
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(M. No. 007117)
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ANNEXURE 2
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Computation for the purposes of Pricing
of Issue with reference
to Clause 13.1.1 of SEBI (Disclosure & Investor Protection)
Guidelines, 2000
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| The average of the weekly high and low of the
closing prices of the Equity Shares of Nicco Corporation Limited
quoted on the Stock Exchange during two weeks preceding the
relevant date (relevant date for the purpose of the clause means
the date thirty days prior to the date on which the meeting
of general body of shareholders is held in terms of section
81(1A) of the Companies Act, 1956) |
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| Date of Annual General Meeting
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16th September, 2009
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| Relevant date
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17th August, 2009
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| Two weeks preceding
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From 3rd August, 2009 to 16th August, 2009
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Date
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High
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Low
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Closing
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Rs.
Average
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03.08.09
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6.60
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6.15
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6.30
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6.40
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04.08.09
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6.50
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6.05
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6.25
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05.08.09
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6.50
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6.10
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6.40
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06.08.09
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6.60
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6.10
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6.25
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07.08.09
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6.35
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5.95
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6.15
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6.15
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6.28
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10.08.09
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6.25
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5.90
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5.95
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6.05
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11.08.09
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6.20
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5.75
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6.05
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12.08.09
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6.20
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5.75
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5.85
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13.08.09
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6.15
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5.65
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5.85
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14.08.09
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5.95
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5.60
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5.85
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5.85
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5.95
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Average :
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6.12
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For G. BASU & CO.
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CharteredAccountants
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Kolkata
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(J.N.DHAR)
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Partner
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(M. No. 007117)
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