Atul Ltd’s Board of Directors has approved a proposal to buy back its own fully paid-up equity shares. The buy-back program will be conducted through the stock exchange mechanism and is capped at ₹90 crore. The maximum price per equity share for the buy-back is set at ₹7,500. This move aims to return capital to shareholders and potentially enhance earnings per share.
Board Approves Share Buy-back Program
Atul Ltd announced today that its Board of Directors, during a meeting held on October 23, 2026, has approved a proposal to buy back fully paid-up equity shares of the Company. The face value of each share is ₹10.
Key Buy-back Details
The buy-back will be executed through the stock exchange mechanism, adhering to the SEBI (Buy-back of Securities) Regulations, 2018, and the Companies Act, 2013. The aggregate amount for the buy-back is not to exceed ₹90 crore (Rupees ninety crore only). The maximum price at which shares can be bought back is fixed at ₹7,500 per equity share.
Shareholding Pattern Impact
The company provided a summarized shareholding pattern, indicating that if 1,20,000 equity shares are bought back at the maximum price of ₹7,500 per share, the shareholding of promoters and the public would be impacted. The buy-back is expected to represent 0.41% of the existing paid-up capital of the Company.
Financial Results Disclosure
In addition to the buy-back approval, the Board also approved the unaudited standalone and consolidated financial results for the second quarter and six months ended September 30, 2026. Limited review reports on these results were also submitted.
Source: BSE
