Buyback Details

  • Maximum Buyback Size: ₹106.00 Crores (One Hundred and Six Crores only)
  • Maximum Buyback Price: ₹478.50 per equity share
  • Face Value: ₹5 per equity share
  • Method: Open market purchases through stock exchanges (BSE and NSE)
  • Source of Funds: Free reserves, current surplus, cash/cash equivalents, internal accruals
  • Transaction Costs: Excluded from the Maximum Buyback Size

Indicative Share Quantities

  • Maximum Buyback Shares: 22,15,256 equity shares (at maximum price)
  • Minimum Buyback Size: ₹79.50 Crores (75% of maximum size)
  • Minimum Buyback Shares: 16,61,442 equity shares (at maximum price)

Financial Parameters (Standalone as of March 31, 2026)

  • Total paid-up equity capital: ₹70.64 Crores
  • Total free reserves: ₹990.17 Crores
  • Total paid-up equity capital and free reserves: ₹1,060.81 Crores
  • Maximum permissible under Regulation 4(iv): Lower of 15% of above amount = ₹159.12 Crores
  • Maximum permissible with Board approval: 10% of above amount = ₹106.08 Crores

Timeline

  • Buyback opening date: August 13, 2026
  • Buyback closing date: Earlier of:
  • November 20, 2026 (66 working days from opening)
  • Completion of Maximum Buyback Size deployment
  • Earlier date determined by Board after Minimum Buyback Size deployment
  • Extinguishment of shares: Within 7 working days of buyback completion
  • Settlement: Through normal payout cycle of stock exchanges

Promoter and Director Shareholding

Promoter Group Holding (as of Board meeting date):

  • Total promoter holding: 10,15,45,402 shares (71.86%)
  • Ravindra Kishore Sinha: 5,53,42,130 shares (39.16%)
  • Rituraj Kishore Sinha: 1,57,35,683 shares (11.14%)
  • Rita Kishore Sinha: 2,25,69,507 shares (15.97%)

Director Shareholding:

  • Rita Kishore Sinha (Chairman): 2,25,69,507 shares (15.97%)
  • Rituraj Kishore Sinha (Managing Director): 1,57,35,683 shares (11.14%)
  • Rivoli Sinha (Non-Executive Director): 45,77,012 shares (3.24%)

Key Appointments

  • Manager to Buyback: Elara Capital (India) Private Limited
  • Broker: Elara Securities (India) Private Limited
  • Registrar & Investor Service Center: MUFG Intime India Private Limited
  • Compliance Officer: Pushpalatha Katkuri
  • Escrow Bank: Yes Bank Limited

Escrow Arrangement

  • Escrow Amount: ₹26.50 Crores (25% of Maximum Buyback Size)
  • Escrow Form: Cash deposit

Market Data

Stock Price Information (NSE):

  • July 2026: High ₹445.75, Low ₹412.30, Average ₹433.61
  • June 2026: High ₹481.70, Low ₹397.00, Average ₹448.85
  • 3-year average (Fiscal 2026): ₹339.79

Recent Trading Prices:

  • August 5, 2026 (Board meeting day): High ₹436.80, Low ₹424.55, Close ₹431.15
  • August 6, 2026: High ₹444.05, Low ₹430.00, Close ₹435.55

Capital Impact

  • Pre-buyback paid-up capital: ₹70.65 Crores (14,12,07,042 shares)
  • Post-buyback paid-up capital (assuming maximum shares): ₹69.55 Crores (13,90,92,637 shares)
  • Capital reduction: ₹1.10 Crores

Financial Ratios (Standalone, Q1 FY2027)

  • Basic EPS: ₹3.81
  • Diluted EPS: ₹3.79
  • Book value per share: ₹80.46
  • Debt/Equity ratio: 0.62
  • Return on net worth: 4.74%

Important Confirmations

  • No defaults in repayment of deposits, debentures, term loans, or interest payments
  • Compliance with Sections 92, 123, 127, and 129 of Companies Act
  • No pending schemes of amalgamation or compromise
  • No issuance of new shares until buyback completion except for subsisting obligations
  • Debt-to-equity ratio post-buyback will not exceed 2:1
  • Promoters and their associates will not deal in company shares during buyback period
  • Obtained consent from all lenders with no covenant breaches

Documents Submitted

  • Public announcement published in newspapers (Annexure A)
  • Certified true copy of board resolution dated August 5, 2026 (Annexure B)