Buyback29 Jun 2026, 06:30 pm
SIS Ltd Approves ₹120 Cr Share Buyback, Director Continuation
AI Summary
SIS Limited announced a significant board meeting decision to undertake its fifth share buyback, valued at up to ₹120 crores. The buyback price is capped at ₹478.50 per equity share, representing a 10% premium. Additionally, the board approved the continuation of Mr. Arvind Kumar Prasad as Whole-Time Director until April 23, 2027, upon his attaining 70 years of age, subject to shareholder approval. The buyback details are subject to final board and shareholder approvals, and compliance with SEBI regulations.
Key Highlights
- SIS Ltd plans a share buyback of up to ₹120 crores.
- Buyback price set at a maximum of ₹478.50 per share.
- Whole-Time Director Arvind Kumar Prasad's tenure extended.
- Director continuation is subject to shareholder approval.
- Buyback requires final board and shareholder consent.
Price Impact
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