FDC Limited’s Board of Directors has approved a proposal to buy back up to 24,00,000 equity shares, representing 1.47% of the total paid-up equity capital. The buyback will be conducted via the tender offer route at a price of ₹500 per share, with an aggregate value not exceeding ₹120 crore. The Record Date for determining eligible shareholders has been fixed for November 13, 2026. Promoters and the promoter group intend to participate in the buyback.
FDC Approves Significant Share Buyback
FDC Limited announced today that its Board of Directors has given its approval for a substantial share buyback program. The company plans to repurchase up to 24,00,000 fully paid-up equity shares, each with a face value of ₹1. This represents approximately 1.47% of the company’s total paid-up equity share capital.
Key Buyback Details
The buyback will be executed through the tender offer route, as prescribed by SEBI regulations. The offer price for the shares has been set at ₹500 per equity share, translating to an aggregate buyback value not exceeding ₹120 crore. This amount is less than 10% of the paid-up equity capital and free reserves as per the latest audited financial statements as of March 31, 2026.
The Board has fixed Friday, November 13, 2026, as the Record Date to determine the entitlement of equity shareholders for the buyback offer. It was also noted that the Promoters and Promoter Group of the Company intend to participate in the proposed buyback.
Financial Results Reviewed
In addition to the buyback approval, the Board also considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. A limited review report from the statutory auditors, BSR & Co. LLP, accompanied these results, expressing an unmodified conclusion.
Operational and Segment Information
The company’s operational activities remain focused on its single segment: “Pharmaceuticals”. The financial results and details pertaining to the buyback offer will be made available on the company’s website and the websites of the stock exchanges.
Source: BSE
