MedPlus Health Services Limited has announced a buyback of its fully paid-up equity shares through the open market mechanism. The Board of Directors approved the proposal to buy back shares at a price not exceeding ₹750 per share. The total amount for the buyback is capped at ₹130 crore. This initiative aims to return value to shareholders and optimize the company’s capital structure.
MedPlus Health Services Announces Equity Share Buyback
MedPlus Health Services Limited has officially announced its decision to proceed with a buyback of its fully paid-up equity shares. This strategic move, approved by the company’s Board of Directors on November 6, 2026, aims to enhance shareholder value by returning capital to the open market.
Buyback Details and Mechanism
The buyback will be conducted through the open market route, utilizing the stock exchange mechanism for the acquisition of shares. The maximum price at which shares will be bought back is set at ₹750 (Rupees Seven Hundred and Fifty Only) per equity share. This price is exclusive of any brokerage, turnover charges, taxes, and other transaction costs.
The total aggregate amount authorized for the buyback is capped at ₹130,00,00,000 (Rupees One Hundred and Thirty Crores Only). This buyback excludes shares held by promoters and persons in control of the Company.
Key Dates and Schedule
The buyback process is scheduled to commence on Friday, November 13, 2026. On this date, the Company will begin placing ‘buy’ orders on the stock exchanges through its broker. The public announcement regarding this buyback was dated November 09, 2026.
The proposed schedule of activities is as follows:
- Date of Board resolution approving the Buyback: Friday, November 6, 2026
- Date of publication of the Public Announcement: Tuesday, November 10, 2026
- Date of opening of the Buyback: Friday, November 13, 2026
The last date for the completion of the buyback is set for Tuesday, February 16, 2027, or earlier if the Company completes the buyback by deploying the maximum buyback amount or at another date determined by the Board.
Contact Information
For any queries, shareholders can contact the Manager to the Buyback, Nuvama Wealth Management Limited, or the Registrar (RTA), KFin Technologies Limited. Detailed contact information for both entities is provided in the company’s public announcement.
Source: BSE
