Cosmo First Buyback vs Freshtrop Fruits Buyback 2022

The buyback is being undertaken for the following reason:

• The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.

• The Buyback will help in achieving an optimal capital structure.

• The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.