Cybertech Systems And Software Limited has informed the Exchange regarding '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 equity shares (2.73% of total paid-up capital) at ₹170 per share, totaling up to ₹14.45 crores. The buyback represents 9.81% and 7.55% of standalone and consolidated free reserves respectively, within the statutory 10% limit. The offer is through the tender offer route via stock exchanges, on a proportionate basis. The record date has been fixed as May 29, 2026. BSE Limited is designated as the stock exchange, with Saffron Capital Advisors as the manager to the buyback and MUFG Intime as the registrar. Payment will be made entirely in cash from internal resources.
This buyback offers shareholders a chance to exit at ₹170 per share, which is expected to be at a premium to the prevailing market price. The buyback will reduce the company's share count and is intended to enhance long-term shareholder value.