Dhampur Sugar Mills Limited has informed the Exchange regarding 'Board Resolution for Buyback of Equity Shares'.
DHAMPURSUG · price
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Awaiting price reaction for this filing.
Dhampur Sugar Mills Limited has informed the stock exchanges about a board-approved buyback of equity shares. The company proposes to buy back up to 10,81,081 equity shares, which is 1.65% of its total paid-up share capital, at a price of up to Rs. 185 per share. The total buyback size is up to Rs. 20 crores, well within the 10% limit of paid-up capital and free reserves. The record date for eligibility has been set as 23rd May 2025, and the buyback will be carried out through the tender offer route via the stock exchange mechanism. The funding will come from internal accruals and surplus cash, not borrowed funds. All shareholders including promoters will be eligible to participate.
This is a modest buyback (just 1.65% of capital and Rs. 20 crores) so the direct price impact may be limited. However, it signals that management views the stock as undervalued and has surplus cash to return to shareholders, which is mildly positive for sentiment.