Jyothy Labs Limited’s board has approved a proposal to buy back up to 68,37,210 equity shares, representing 1.86% of the company’s paid-up equity share capital. The buyback will be conducted via a tender offer route at a price of ₹215 per share, with an aggregate buyback size of up to ₹147 crore. The record date for determining eligible shareholders is set for November 11, 2026. The promoter group has expressed their intention not to participate in the buyback.
Jyothy Labs Approves Significant Share Buyback
At its meeting held on November 4, 2026, the Board of Directors of Jyothy Labs Limited approved a proposal for the buyback of its fully paid-up equity shares. The buyback will be executed through the tender offer route.
Key Details of the Buyback
The company plans to buy back up to 68,37,210 equity shares, which constitutes approximately 1.86% of the total paid-up equity share capital as of March 31, 2026. The buyback price has been fixed at ₹215 per equity share, payable in cash. The total aggregate amount for the buyback, excluding transaction costs, is capped at ₹147,00,00,150.
Record Date and Promoter Participation
The Board has designated Wednesday, November 11, 2026, as the record date for determining the eligibility of shareholders for the buyback. Notably, the promoter and promoter group have communicated their intention not to participate in this buyback initiative.
Financial Results Also Approved
In addition to the buyback, the Board also considered and approved the unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report from the statutory auditors.
Buyback Committee Formed
A buyback committee has been formed, and powers have been delegated to it to manage all necessary actions and matters related to the buyback process.
Source: BSE
