Jyothy Labs Limited has announced an addendum to its public announcement regarding the buyback of equity shares. The company has decided to increase the buyback price per equity share from ₹215 to ₹240. Concurrently, the maximum number of equity shares proposed to be bought back has been reduced from 68,37,210 to 61,25,000, representing 1.67% of the paid-up share capital.
Jyothy Labs Adjusts Share Buyback Terms
Jyothy Labs Limited has issued an addendum to its ongoing public announcement concerning the buyback of its equity shares. This revision, approved by the Buyback Committee on Monday, November 9, 2026, introduces significant changes to the terms of the buyback program.
Increased Buyback Price and Reduced Volume
The primary adjustment is an increase in the buyback price per equity share. Previously set at ₹215 (Indian Rupees Two Hundred and Fifteen), the new buyback price has been revised upwards to ₹240 (Indian Rupees Two Hundred and Forty) per Equity Share. In conjunction with the price increase, the total number of equity shares the company intends to repurchase has been reduced. The maximum number of shares to be bought back will now be 61,25,000 (Sixty-One Lakhs Twenty-Five Thousand), a decrease from the initially announced 68,37,210 shares. This revised volume represents approximately 1.67% of the total paid-up share capital of the Company.
This buyback, as initially announced on November 5, 2026, involves a total aggregate amount not exceeding ₹147,00,00,150 (Indian Rupees One Hundred Forty-Seven Crore and One Hundred Fifty only). The offer is being conducted on a proportionate basis through the tender offer route, in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.
Dissemination of Information
An addendum to the Public Announcement will be published in various editions of Financial Express (English), Jansatta (Hindi), and Mumbai edition of Navshakti (Marathi). The information will also be made available on the websites of the Company (https://www.jyothylabs.com/), the Manager to the Buyback (https://www.ey.com/en_in/services/strategy-transactions/merchant-banking-services), the Registrar to the Buyback (www.in.mpms.mufg.com), SEBI (www.sebi.gov.in), and the stock exchanges (www.bseindia.com and www.nseindia.com) throughout the buyback period.
Source: BSE
