Jyothy Labs Limited has approved a substantial buyback of up to 68,37,210 equity shares, representing approximately 1.86% of its total paid-up equity capital. The buyback will be conducted through the tender offer route at a price of ₹215 per share, for an aggregate amount of up to ₹147 crore. The company has set November 11, 2026, as the record date for determining eligibility. The promoter group has indicated they will not participate in the buyback.
Jyothy Labs Approves Major Share Buyback
Jyothy Labs Limited announced today, November 4, 2026, that its Board of Directors has approved a significant share buyback program. The company plans to repurchase up to 68,37,210 fully paid-up equity shares, which constitutes approximately 1.86% of its total paid-up equity share capital as of March 31, 2026. This move aims to return value to shareholders and reflects confidence in the company’s financial position.
Key Details of the Buyback
The buyback will be executed via the tender offer route at a price of ₹215 per equity share (Indian Rupees Two Hundred Fifteen Only). The total amount allocated for this buyback is up to ₹147,00,00,150 (Indian Rupees One Hundred Forty-Seven Crore One Hundred Fifty Only), excluding transaction costs. The Board has designated Wednesday, November 11, 2026, as the record date for determining the entitlement of equity shareholders to participate in the buyback.
Promoter Group Non-Participation
In a related development, the promoter and promoter group of Jyothy Labs have communicated their intention not to participate in this buyback program. This decision is detailed in a letter dated November 4, 2026.
Financial Results Also Approved
Alongside the buyback approval, the Board of Directors also considered and approved the unaudited financial results for the quarter and half-year ended September 30, 2026. These results were accompanied by a limited review report from the company’s statutory auditors.
Buyback Committee Formation
To manage the buyback process efficiently, the company has formed a buyback committee and delegated necessary powers to it. This committee will oversee all actions and decisions related to the buyback program.
Pre-Buyback Shareholding
The pre-buyback shareholding pattern as of October 30, 2026, has been attached as Annexure B. The company noted that the post-buyback shareholding pattern details will be determined and released after the completion of the buyback process.
Source: BSE
