Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI Listing Regulations - Buyback Approval
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
Buyback Details:
- Buyback of fully paid-up equity shares of face value ₹10 each
- Buyback method: Open market route through stock exchange mechanism
- Maximum buyback price: ₹1,530 per equity share
- Maximum buyback size: ₹900,00,00,000 (₹900 crores)
- Maximum number of shares to be bought back: 58,82,352 equity shares (4.12% of total paid-up equity share capital)
- Minimum buyback size utilization: ₹675,00,00,000 (₹675 crores)
- Minimum number of shares to be bought back: 44,11,764 equity shares
- Excludes participation by promoters and promoter group shareholders
Regulatory Compliance:
- Maximum buyback size represents 7.19% of standalone and 6.34% of consolidated fully paid-up equity share capital and free reserves as per March 31, 2026 audited financial statements
- Compliance with SEBI Buy-Back of Securities Regulations, 2018 and Companies Act, 2013
- Public announcement with process and timelines to be released subsequently
Other Significant Information:
- Expenses for buyback include brokerage, turnover charges, applicable taxes (securities transaction tax, GST, stamp duty), SEBI filing fees, advisor fees, legal fees, intermediary fees, public announcement publication expenses, printing, dispatch expenses and other incidental expenses
- The actual number of shares bought back may exceed the indicative maximum if bought below maximum price, subject to maximum buyback size and 25% of paid-up capital limit