KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

  • Approved buyback of up to 47,50,000 (Forty Seven Lakhs and Fifty Thousand) fully paid-up equity shares of face value of ₹1 each
  • Buyback price set at ₹312 per equity share
  • Aggregate buyback size of up to ₹148.20 Crores (excluding transaction costs)
  • Buyback represents up to 1.56% of total issued, subscribed and paid-up equity shares
  • Represents 6.77% and 6.72% of fully paid-up equity share capital and free reserves (including securities premium) as per latest audited standalone and consolidated financial statements respectively for year ended March 31, 2026
  • Buyback through tender offer route using stock exchange mechanism

Financial Results (Standalone & Consolidated)

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Buyback Details:

  • Record Date: Friday, October 30, 2026
  • Buyback Opening Date: Wednesday, November 4, 2026
  • Buyback Closing Date: Wednesday, November 11, 2026
  • Last date for receipt of completed tender forms: November 11, 2026 by 5:00 PM IST
  • Last date for settlement completion: Tuesday, November 17, 2026

Entitlement Ratio:

  • Reserved Category for Small Shareholders: 1 equity share for every 25 equity shares held (4.12153943% actual entitlement)
  • General Category: 1 equity share for every 42 equity shares held (2.41374957% actual entitlement)
  • Small shareholders defined as those holding equity shares with market value not more than ₹2,00,000 based on closing price on NSE (₹273.50) on Record Date, i.e., holders of ≤731 equity shares

Promoter Participation:

  • Promoters and members of promoter group have declared intention not to participate in the buyback
  • Pre-buyback promoter shareholding: 39.34% (11,96,84,511 shares)
  • Post-buyback promoter shareholding (assuming full acceptance): 39.96%

Funding Arrangements:

  • Funds sourced from free reserves (including securities premium) of the Company
  • No borrowed funds from banks or financial institutions to be used
  • Escrow account opened with ICICI Bank Limited with deposit of ₹29,82,00,000 (25% of first ₹100 crores + 10% of balance ₹48.20 crores)

Tax Implications:

  • Capital gains tax applicable on difference between buyback price and cost of acquisition
  • Securities Transaction Tax (STT) applicable
  • TDS applicable for non-resident shareholders

Intermediaries Appointed:

  • Manager to Buyback: IIFL Capital Services Limited
  • Registrar to Buyback: Niche Technologies Private Limited
  • Escrow Agent: ICICI Bank Limited