StockWatch
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Petrochemicals
Buyback29 Oct 2026, 04:50 pm

DCW Ltd Approves Buyback of ₹40 Cr Equity Shares

AI Summary

DCW Ltd's Board of Directors, in a meeting held on October 29, 2026, approved the company's un-audited financial statements for the second quarter and half-year ended September 30, 2026. Additionally, the Board approved a buyback of fully paid-up equity shares worth up to ₹40 Crores (₹4,000 Lacs) at a maximum price of ₹58 per share. The buyback will be conducted through the open market route, excluding promoters and promoter group shareholders. The maximum number of shares to be bought back is 68,96,551, representing 4.53% of the paid-up equity share capital and free reserves.

Key Highlights

  • Board approved Q2 & H1 FY27 un-audited financial statements.
  • Approved buyback of equity shares up to ₹40 Crores.
  • Buyback price capped at ₹58 per share.
  • Buyback to be executed via open market route.
  • Promoters and promoter group excluded from buyback.