StockWatch
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Auto Components & Equipments
Buyback21 Oct 2026, 06:10 pm

Automobile Corp of Goa approves buy-back of 1.44 lakh shares

AI Summary

Automobile Corporation of Goa Limited announced its audited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved a buy-back of up to 1,44,639 equity shares at ₹2,005 per share, aggregating up to ₹29,00,01,195. This buy-back represents 2.38% of the company's paid-up equity share capital and is within the statutory limit. A Buyback Committee has been formed to oversee the process. Additionally, Ms. Swati Shivanand Salgaocar will be appointed as Chairman effective December 7, 2026, succeeding Mr. Yatin Kakodkar.

Key Highlights

  • Audited financial results for Q2 FY27 declared.
  • Board approves buy-back of 1,44,639 shares at ₹2,005 each.
  • Total buy-back consideration not exceeding ₹29.00 Crore.
  • New Chairman appointed effective December 7, 2026.
  • Promoter group intends not to participate in buy-back.