Key Quantitative Figures

  • Buyback Size: ₹6000 Million (Rupees Six Thousand Million only)
  • Number of Shares: Up to 6,59,34,065 (Six Crores Fifty Nine Lakhs Thirty Four Thousand Sixty Five) equity shares
  • Face Value: ₹1 per equity share
  • Buyback Price: ₹91 per equity share
  • Percentage of Capital: 6.86% of total paid-up equity share capital
  • Percentage of Reserves: 7.22% of standalone and 6.61% of consolidated aggregate of total paid-up equity share capital and free reserves (based on March 31, 2026 audited financial statements)

Parties Involved

  • Merchant Banker: Emkay Global Financial Services Limited (SEBI registered)
  • Compliance Officer: Ms. Sangeeta Shetty, Chief Compliance Officer and Company Secretary
  • Committee: Buy Back Committee constituted by the Board

Method and Conditions

  • Route: Tender offer route on proportionate basis
  • Reservation: 15% of equity shares proposed to be bought back or number of shares entitled to small shareholders (whichever is higher) reserved for small shareholders
  • Price Flexibility: Board/Buy Back Committee may increase buyback price and decrease number of shares (with no change in total buyback size) until one working day prior to record date
  • Exclusions: Buyback size does not include transaction costs, brokerage, taxes, stamp duty, advisors fees, and other incidental expenses

Promoter Participation

Promoters and members of Promoter Group have declared intention not to participate in the proposed buyback.

Shareholding Pattern (Pre-Buyback as of November 6, 2026)

  • Total Paid-up Capital: 96,05,19,420 equity shares
  • Promoter Shareholding: 3,83,16,284 shares (3.99%)
  • Indian: 21,14,836 shares (0.22%)
  • Foreign Promoters: 3,62,01,448 shares (3.77%)
  • Non-Promoter Shareholding: 92,22,03,136 shares (96.01%)
  • Institutional investors: 19,73,83,026 shares (20.55%)
  • Individuals: 50,43,23,378 shares (52.50%)
  • Body Corporate: 21,91,95,025 shares (22.82%)
  • Other categories: 13,04,707 shares (0.14%)

Additional Documents

  • Annexure A: Pre-Buy Back shareholding pattern
  • Annexure B: Detailed disclosure as required under Regulation 30
  • Annexure C: Press release

Management Commentary (from press release)

  • Chairman R. Gopalan stated the buyback reflects confidence in company's potential and fundamental strength
  • CEO Punit Goenka emphasized company's growth trajectory and commitment to delivering sustainable growth
  • Company believes intrinsic value not appropriately reflected in current market valuation
  • Decision follows comprehensive review of financial strength, free cash flow, and business outlook

Next Steps

Public announcement and other documents setting out process, record date, timelines and details will be released in due course according to SEBI Buy Back Regulations.