Key Quantitative Figures
- Original Buyback Price: ₹18 per equity share
- Revised Buyback Price: ₹20 per equity share (increase of ₹2 per share)
- Original Maximum Shares: 60,00,000 (Sixty Lakh) equity shares
- Revised Maximum Shares: 54,00,000 (Fifty Four Lakh) equity shares
- Total Buyback Amount: ₹10,80,00,000 (Rupees Ten Crore Eighty Lakh) - remains unchanged
- Face Value: ₹10 per equity share
- Buyback Percentage: 7.76% of total paid-up equity share capital
Dates and Timeline
- Board Approval Date: Previously communicated (referenced but not specified in this document)
- Public Announcement Date: June 24, 2026
- Publication Date: June 25, 2026
- Previous Communications: June 18, 2026, June 23, 2026, June 25, 2026, and June 26, 2026
- Buyback Committee Meeting: June 27, 2026
- Current Filing Date: June 27, 2026 at 11:52:22 +05'30'
Parties Involved
- Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
- Manager to Buyback: Saffron Advisor (mentioned via website reference)
- Regulatory Reference: SEBI Buy-Back of Securities Regulations, 2018
Publication Details
The addendum to the Public Announcement will be published in:
- All editions of Financial Express (English daily)
- All editions of Jansatta (Hindi daily)
- Mumbai edition of Mumbai Lakshadeep (Marathi daily)
The document will also be available on:
- Company website: www.patel-india.com
- Manager to Buyback website: www.saffronadvisor.com
- Stock exchange websites: www.bseindia.com and www.nseindia.com
- SEBI website: www.sebi.gov.in
Capital Structure Impact
The buyback will represent up to 7.76% of the total number of equity shares of the existing total paid-up equity share capital of the company.
Financial Impact
The total financial outlay for the buyback remains unchanged at ₹10.80 crores despite the price increase and reduction in number of shares.