StockWatch
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Diversified Commercial Services
Buyback5 Aug 2026, 07:01 pm

SIS Ltd Approves Buyback of Shares Up to ₹106 Cr

AI Summary

SIS Ltd announced that its Board of Directors has approved a proposal for the buyback of fully paid-up equity shares through the open market route. The buyback is set to be conducted in accordance with SEBI regulations, with a maximum buyback price of ₹478.50 per share and an aggregate amount not exceeding ₹106.00 Crores. The company plans to buy back a maximum of 22,15,256 equity shares, representing approximately 1.57% of its paid-up equity capital. The Board also approved the unaudited financial results for the quarter ended June 30, 2026 (standalone and consolidated). The promoters and persons in control of the Company will not participate in this buyback.

Key Highlights

  • Board approved unaudited financial results for Q1 FY27.
  • Approved buyback of equity shares up to ₹106 Crores.
  • Maximum buyback price set at ₹478.50 per share.
  • Indicative maximum shares to be bought back: 22,15,256.
  • Promoters will not participate in the buyback.