Gujarat Petrosynthese Board Approves Buy-Back Of Equity Shares - July 28, 2009

Gujarat Petrosynthese Limited has informed that the Board of Directors of the Company at its meeting held on July 27, 2009, inter alia, has considered the matters relating to Buy-Back of Equity Shares. After deliberations, it was decided as under:

- Pursuant to the provisions of Section 77A, 77AA, 77B and all other applicable provisions, if any, of the Companies Act, 1956 and the provisions of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, including any statutory modification(s) or reenactment of the Act of Regulations for the time being in force, and subject to such approvals, permissions and sanctions as may be necessary, approval of the equity shareholders be sought through postal ballot for Buy-back of not more than 1211762 fully paid equity shares of the Company of the face value of Rs 10/- each from the existing equity shareholders, in aggregate not exceeding 25% of the existing paid up equity capital of the Company, at a price of Rs 40/- per equity share, such that the aggregate consideration for the equity shares bought back does not exceed 25% of the equity capital and free reserves of the Company.

Gujarat Petrosynthese Board To Consider Buy Back Of Equity Shares - July 21, 2009

Gujarat Petrosynthese Limited has informed that a meeting of the Board of Directors of the Company will be held on July 27, 2009, inter alia, for transacting following business:

1. To consider and to take on record the unaudited Financial Results for the Quarter ended on June 30, 2009.

2. To consider and to take on record the audited Financial Results for the Financial year ended on March 31, 2009.

3. To consider and to decide proposal for Buy back of equity shares.