StockWatch
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Household Products
Buyback4 Nov 2026, 01:56 pm

Jyothy Labs Approves Buyback of Equity Shares

AI Summary

Jyothy Labs Ltd's Board of Directors, in a meeting held on November 4, 2026, approved a buyback of equity shares through a tender offer route. The company plans to buy back up to 68,37,210 equity shares at a price of ₹215 per share, for an aggregate amount of up to ₹147 crore. This buyback represents 1.86% of the total equity share capital and is within the 10% limit for board-approved buybacks. The record date for determining eligible shareholders is fixed as November 11, 2026. The promoter and promoter group have expressed their intention not to participate in the buyback. The company also approved the unaudited financial results for the quarter and half-year ended September 30, 2026.

Key Highlights

  • Board approved buyback of equity shares.
  • Buyback price set at ₹215 per share.
  • Total buyback size up to ₹147 crore.
  • Record date for buyback is November 11, 2026.
  • Promoters will not participate in the buyback.