The Board of Directors of Savita Oil Technologies at its meeting held has granted in-principal approval to evaluate acquisition of 100% equity shares of Savita Polymers, a public limited unlisted company, subject to the valuation and necessary due diligence that will be presented to and approved by the Board at its subsequent Board Meeting.

The Board of Savita Oil Technologies at its meeting held on 19 February 2021 has approved buyback of up to 2,51,000 fully paid-up equity shares of face value of Rs.10 each at a price of Rs 1400 per equity share (buyback price) payable in cash for an aggregate amount up to Rs 35.14 crore (buyback size).