SAVITA OIL TECHNOLOGIES LTD Buyback

Approved the Buyback not exceeding 2,80,000 (Two Lakh Eighty Thousand) Equity Shares (representing upto about 1.92% of the total number of Equity Shares of the Company) at a price of ` 1605/- (Rupees One Thousand Six Hundred and Five Only) (including premium of ` 1595/-) per Equity Share (“Buyback Price”), payable in cash for an aggregate amount of up to ` 44,94,00,000/- (Rupees Forty Four Crores Ninety Four Lakhs Only) (“Buyback Size”) excluding transaction costs such as brokerage, securities transaction tax, goods and service tax, stamp duty, etc., (“Transaction Cost”) which represents 6.81% of the fully paid-up equity share capital and free reserves (including securities premium account) as per the latest audited standalone balance sheet of the Company as on March 31, 2017 on a proportionate basis through the tender offer (“Tender Offer”) as prescribed under the Buyback Regulations from all the equity shareholders/beneficial owners of the Company who hold Equity Shares as on the record date i.e. February 09, 2018 (“Record Date”) (“Eligible Sellers”) (“Buyback
or Buyback Offer”).