CMS Info Systems Limited has announced a board-approved share buyback plan to repurchase up to 49,39,126 equity shares. The company will acquire these shares at a price of ₹340 per share, representing an aggregate investment of ₹167.93 crore. This initiative, executed through the tender offer route, aims to optimize the company’s capital structure and enhance overall shareholder value.
Strategic Share Buyback
The Board of Directors of CMS Info Systems Limited, in their meeting held on May 14, 2026, has officially approved a share buyback program. The company intends to buy back up to 49,39,126 fully paid-up equity shares, which accounts for 3% of its total paid-up equity capital. The acquisition will be carried out at a price of ₹340 per share, totaling an aggregate consideration of ₹167,93,02,840.
Execution and Eligibility
The buyback will be conducted on a proportionate basis through the tender offer route, consistent with the company’s commitment to optimizing its capital structure and providing efficient returns to shareholders. The company has set May 22, 2026, as the Record Date to determine the eligibility of shareholders entitled to participate in the buyback process.
Management Commitment
The buyback process is designed to be executed using the company’s existing cash and cash equivalents. The board has delegated the implementation of this program to a specially constituted Buyback Committee. This committee is tasked with overseeing the entire process, including finalizing schedules, managing escrow arrangements, and ensuring compliance with all necessary procedural and legal formalities to finalize the transaction in the best interests of the company and its shareholders.
Source: BSE
