Buyback resolution dated May 13, 2026
CYBERTECH · price
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CyberTech Systems and Software Limited's Board has approved a buyback of up to 8,50,000 fully paid-up equity shares (2.73% of total paid-up capital) at ₹170 per share. The total buyback size is ₹14.45 crore (₹14,45,00,000), representing 9.81% and 7.55% of standalone and consolidated free reserves respectively as on March 31, 2026. The buyback will be executed via the tender offer route through stock exchanges, on a proportionate basis, with 15% reserved for small shareholders. The record date is May 29, 2026. The buyback is funded from internal cash resources and free reserves, not borrowed funds. The company has appointed Saffron Capital Advisors as the manager and BSE Limited as the designated stock exchange.
The buyback offers shareholders a potential exit at ₹170 per share, which is above the current market price, providing immediate returns. It will reduce the company's share count, potentially enhancing per-share metrics and shareholder value.