Emami Limited’s Board of Directors has approved an equity share buyback of up to ₹282 crore at a maximum price of ₹475.00 per share. This buyback, amounting to approximately 1.36% of the paid-up equity capital, will be executed through the open market mechanism. The company aims to utilize at least 75% of the earmarked amount, with a minimum buyback size of ₹211.50 crore.
Emami Board Approves Significant Share Buyback Program
The Board of Directors of Emami Limited has officially approved a substantial equity share buyback program. This strategic move aims to return value to shareholders and optimize the company’s capital structure. The buyback is set to be executed through the open market mechanism on stock exchanges.
Key Details of the Buyback
The total aggregate amount approved for the buyback does not exceed ₹28,200.00 Lakhs (approximately ₹282 crore). The maximum price per equity share for the buyback has been capped at ₹475.00. This buyback is intended to be from shareholders and beneficial owners, excluding promoters, promoter group members, and persons in control of the company. The process will adhere to the SEBI (Buy-Back of Securities) Regulations, 2018, and the Companies Act, 2013.
Indicative Number of Shares and Percentage
Based on the maximum buyback size and price, the indicative maximum number of equity shares proposed to be bought back is 59,36,842. This number represents approximately 1.36% of the company’s existing paid-up equity capital as of March 31, 2026, which is well within the regulatory limit of 25% of total paid-up capital and free reserves.
Commitment to Utilization and Timelines
Emami Limited has committed to utilizing at least 75% of the amount earmarked for the buyback, equating to a minimum buyback size of ₹21,150.00 Lakhs (approximately ₹211.50 crore). Furthermore, 40% of the maximum buyback size, or ₹11,280.00 Lakhs (approximately ₹112.80 crore), is slated for utilization within the initial first half of the offer period. The maximum buyback size represents 9.28% and 9.98% of the company’s total paid-up capital and free reserves as of March 31, 2026.
Buyback Committee and Future Announcements
A dedicated Buyback Committee has been constituted to oversee the buyback process and has been delegated the necessary powers. The company will release a detailed public announcement in due course, outlining the process, timelines, and other statutory details as per the Buyback Regulations. The Board meeting where these approvals were granted commenced at 10:30 A.M. and concluded at 11:35 A.M. on September 17, 2026.
Source: BSE
