StockWatch
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Petrochemicals
Board Meeting29 Oct 2026, 05:11 pm

DCW Ltd Approves Unaudited Results and Equity Share Buyback

AI Summary

DCW Ltd's Board of Directors has approved the unaudited financial results for the second quarter and half-year ended September 30, 2026. Additionally, the company announced a buyback of its fully paid-up equity shares through the open market route. The buyback will be conducted at a maximum price of Rs. 58 per share, with an aggregate amount not exceeding Rs. 40 Crores. The indicative maximum number of shares to be bought back is 68,96,551, representing 4.53% of the company's paid-up equity share capital and free reserves. A Buyback Committee has been formed to oversee the process.

Key Highlights

  • Board approved unaudited financial results for Q2 and H1 FY27.
  • Company to buy back equity shares via open market route.
  • Maximum buyback price set at Rs. 58 per share.
  • Total buyback amount not to exceed Rs. 40 Crores.
  • Indicative 68,96,551 shares to be repurchased (4.53% of capital).