Buyback1 Oct 2026, 07:00 pm
Shardul Securities Approves Buyback of 1.92 Cr Shares at ₹60
AI Summary
Shardul Securities Ltd announced that its shareholders have approved a buyback of up to 1,92,00,000 (1.92 Crore) equity shares at a price of ₹60 per share. The total consideration for the buyback will not exceed ₹115.20 Crore (₹115,20,00,000), excluding transaction costs. This buyback is being conducted through the Tender Offer process as per SEBI regulations. The approval was granted via a special resolution passed at the Annual General Meeting (AGM) held on September 25, 2026. The buyback will be funded from the company's free reserves and/or other permitted sources.
Key Highlights
- Shareholders approved buyback of 1.92 Cr equity shares.
- Buyback price set at ₹60 per share.
- Total buyback consideration capped at ₹115.20 Crore.
- Buyback to be executed via Tender Offer process.
- Approval obtained through special resolution at AGM.
Price Impact
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