Atul Ltd’s Board of Directors has approved a proposal to buy back its own fully paid-up equity shares. The buyback is authorized for an amount not exceeding ₹90 crore, with a maximum buyback price set at ₹7,500 per share. This strategic move aims to return value to shareholders and optimize the company’s capital structure. The buyback will be conducted through the stock exchange mechanism.
Atul Ltd Board Approves Significant Share Buyback
The Board of Directors of Atul Ltd, in its meeting held on October 23, 2026, has given its approval for a significant proposal to buy back the company’s fully paid-up equity shares. This decision reflects a strategic initiative to enhance shareholder value and optimize the company’s capital structure.
Key Details of the Buyback Program
- Maximum Buyback Size: The aggregate amount approved for the buyback is ₹90 crore. This amount excludes transaction costs such as brokerage, fees, and applicable taxes.
- Maximum Buyback Price: The buyback will be conducted at a price not exceeding ₹7,500 per equity share.
- Mechanism: The buyback will be executed through the stock exchange mechanism, adhering to the provisions of the SEBI (Buy-back of Securities) Regulations, 2018, and the Companies Act, 2013.
Financial Results Also Reviewed
In addition to the buyback approval, the Board also reviewed and approved the unaudited standalone and consolidated financial results for the second quarter and six months ended September 30, 2026. Limited review reports on these financial results were also considered. The company also noted the appointment of Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors for a five-year term commencing in 2027.
Source: BSE
