The Company has informed the exchange about Public announcement- Buy Back of shares along with copy of Board resolutions
CMSINFO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CMS Info Systems Limited has announced a buyback of up to 49,39,126 fully paid-up equity shares (3% of total paid-up capital) at ₹340 per share in cash. The total buyback consideration is up to ₹167.93 crore (approximately 7.56% and 7.17% of standalone and consolidated free reserves respectively). The buyback is through the tender offer route using the stock exchange mechanism and will be open to all eligible shareholders as on the record date (to be decided). The Board approved this buyback in its meeting held on May 14, 2026. The company states it will fund the buyback from its cash and cash equivalents, current investments, and internal accruals without using any borrowed funds.
The buyback offers shareholders a chance to exit at ₹340 per share, which is significantly above the face value of ₹10. This is positive for shareholders as it provides an opportunity to realize value at a premium. The buyback size is within SEBI's 10% limit of free reserves.