Buyback Details

The Board of Directors at its meeting held on August 12, 2026 approved:

  • Buyback of up to 1,92,00,000 (One Crore Ninety Two Lakh) fully paid-up equity shares of face value ₹2 each
  • Buyback price: ₹60 per equity share
  • Maximum buyback size: ₹1,15,20,00,000 (One Hundred Fifteen Crore Twenty Lakh) excluding transaction costs
  • Transaction costs include brokerage costs, fees, turnover charges, taxes (STT, GST), stamp duty, advisors fees, filing fees, intermediary fees, public announcement expenses, printing and dispatch expenses
  • Represents 24.92% of total paid-up equity share capital and free reserves based on standalone financials as at March 31, 2026
  • Represents 14.16% of total paid-up equity share capital and free reserves based on consolidated financials as at March 31, 2026
  • Within statutory limit of 25% of total paid-up capital and free reserves
  • Method: Tender offer route on proportionate basis
  • 15% of shares reserved for small shareholders or number entitled per shareholding, whichever is higher
  • Board/Buy Back Committee may increase buyback price and decrease number of shares one working day prior to record date, keeping total buyback size unchanged
  • Record date to be decided subsequently

Approval Requirements

  • Subject to shareholder approval by special resolution at ensuing Annual General Meeting through e-voting
  • Requires approval under Sections 108 of Companies Act, 2013
  • Subject to all other applicable statutory approvals

Promoter Participation

  • Board noted intention of Promoters and members of Promoter Group to participate in the proposed buyback

Shareholding Pattern (Pre-Buyback as on August 7, 2026)

  • Total shares: 8,74,92,165
  • Promoters and Promoter Group: 6,54,88,962 shares (74.85%)
  • Individuals & HUF: 3,19,16,952 shares (36.48%) from 8 shareholders
  • Bodies Corporate: 3,35,72,010 shares (38.37%) from 4 shareholders
  • Foreign Institutional Investors/Foreign Portfolio Investors: 2,59,767 shares (0.30%) from 1 shareholder
  • NRIs: 31,378 shares (0.03%) from 16 shareholders
  • Indian Public, Corporates & Others: 2,17,12,058 shares (24.82%) from 7,209 shareholders
  • Total shareholders: 7,238

Promoter Reclassification

Board approved reclassification of the following entities from 'Promoter and Promoter Group' to 'Public' category:

  • Gagan Dinanath Chaturvedi
  • Shruti Gagan Chaturvedi
  • Mohini G Chaturvedi
  • Pradeep Sandeep Corporate Advisors LLP
  • Kamvan Construction Private Limited

Reclassification approved based on satisfaction of requirements under Regulation 31A and other applicable provisions of Listing Regulations. Company will seek no-objection from BSE Limited for the reclassification.

Meeting Details

  • Board meeting commenced at 4:00 pm and concluded at 9:15 pm on August 12, 2026
  • Reference to earlier disclosure dated August 9, 2026

Next Steps

  • Public announcement and documents setting out process, record date, timelines to be released
  • E-voting process and timelines to be communicated
  • Shareholder approval to be sought at AGM