Bajaj Consumer Care Limited has informed the Exchange about Shareholders meeting
BAJAJCON · price
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Bajaj Consumer Care Limited has received shareholder approval via postal ballot for a buyback of up to 64,34,482 equity shares (4.69% of total paid-up capital) at INR 290 per share, for an aggregate amount not exceeding INR 186.6 crore. The buyback will be executed through the tender offer route on a stock exchange, funded entirely from the company's existing cash, cash equivalents, current investments, and internal accruals — no borrowed funds. Promoters and promoter group are excluded from participating, and 15% of the buyback is reserved for small shareholders. Voting was conducted by remote e-voting from July 31 to August 29, 2025, with an overwhelming 99.47% of polled votes in favour (9.41 crore shares in favour vs. 5 lakh against), across 793 participating shareholders out of 1,37,726 total.
This is a positive signal for retail shareholders — management is using healthy internal cash reserves to return capital at a premium price, which supports the stock price and improves earnings per share by reducing the share count. Promoter group exclusion means public shareholders (including retail) get full access to tender their shares, making participation more meaningful.