StockWatch
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Biotechnology
Board Meeting8 Aug 2026, 02:00 pm

Advanced Enzyme Technologies Approves Buyback and Subsidiary Acquisition

AI Summary

Advanced Enzyme Technologies Ltd announced that its Board of Directors has approved the un-audited financial results for the quarter ended June 30, 2026. The board also approved a buyback of equity shares up to ₹697 million at a maximum price of ₹500 per share, representing approximately 1.24% of the paid-up capital. Additionally, the company approved the acquisition of the remaining 4.28% stake in JC Biotech Private Limited, making it a wholly-owned subsidiary, and an investment of up to ₹20 million in Advanced Nutrazyme Private Limited.

Key Highlights

  • Board approved un-audited financial results for Q1 FY27.
  • Approved equity share buyback up to ₹697 million.
  • Acquisition of remaining 4.28% stake in JC Biotech Private Limited approved.
  • Infusion of up to ₹20 million in subsidiary Advanced Nutrazyme approved.