Bajaj Consumer Care Limited has informed the Exchange regarding Notice of Postal Ballot
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Bajaj Consumer Care has sent a Postal Ballot Notice to shareholders seeking approval for a share buyback through the tender offer route. The company plans to buy back up to 64,34,482 equity shares (4.69% of total paid-up capital) at ₹290 per share, for an aggregate amount of up to ₹18,660 lakhs (about ₹186.6 crore). Promoters and promoter group members will not participate in the buyback, and 15% of the buyback is reserved for small shareholders. The buyback will be funded entirely from internal cash and reserves, not borrowed funds. Shareholders can vote electronically from July 31, 2025 to August 29, 2025, with results expected by August 31, 2025.
If approved, the buyback returns surplus cash to public shareholders at ₹290 per share and may support the stock price in the short term. Existing public shareholders can choose to tender shares for sale or retain their holdings, which will increase their proportional ownership. Promoters are not participating, and the buyback size is well within SEBI's 25% limit of paid-up capital and free reserves.