Savita Oil Technologies announced that the Board of Directors of the company at its meeting held on 19 February 2021 has approved the buyback of up to 2,51,000 fully paid up equity shares of face
value of Rs.10 each of the company representing
upto 1.78% of the total number of equity shares in the total paid-up equity capital of the company at a price of Rs.1,400 per equity
share (Buyback Price) (including premium of Rs.1,390 per equity share) payable in cash
for an aggregate amount up to Rs. 35.14 crore (Buyback Size), which is 4.05% of the fully paid-up equity
share capital and free reserves (including securities premium) as per the latest audited