Shardul Securities Approves Share Buyback Worth ₹1152 Cr

Shardul Securities Ltd's Board of Directors, in a meeting held on August 12, 2026, approved a proposal to buy back up to 1,92,00,000 equity shares at ₹60 per share. The total buyback size is capped at ₹1,15,20,00,000, representing 24.92% of paid-up capital and free reserves based on standalone financials as of March 31, 2026. This buyback is within the statutory limit of 25%. The company also noted a request from certain members for re-classification from 'Promoter and Promoter Group' to 'Public' category, finding that they meet the criteria. The buyback is subject to shareholder approval via special resolution and will be conducted through the tender offer route, with a reservation for small shareholders. Promoters intend to participate in the buyback.