CyberTech Recommends ₹4 Dividend, Buyback Up to 8.5 Lakh Shares
CyberTech Systems and Software Ltd's board has recommended a final dividend of ₹4 per equity share for FY26, subject to shareholder approval. Additionally, the board approved a proposal for a buyback of up to 850,000 equity shares at a price of ₹170 per share, totaling ₹14.45 crore, representing 2.73% of the total paid-up equity share capital. The buyback will be executed through a tender offer route. The board also appointed Desai Associates as the Internal Auditors for FY27.
Key Highlights
- CyberTech recommends a final dividend of ₹4 per share for FY26.
- The company proposes a buyback of up to 850,000 equity shares at ₹170 per share.
- The buyback size is ₹14.45 crore, representing 2.73% of total paid-up equity.
- Desai Associates appointed as Internal Auditors for FY27.
- Buyback Committee formed, Compliance Officer appointed for the buyback process.
Price Impact
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