Sundae Capital Advisors Pvt Ltd ("Manager to the Buyback") has submitted to BSE a copy of Public Announcement for the attention of Equity Shareholders / Beneficial Owners of the Equity ....
DHANUKA · price
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Dhanuka Agritech Limited has announced a share buyback of up to 500,000 equity shares (1.11% of total paid-up capital) at Rs. 1,400 per share for a total consideration of up to Rs. 70 crore. The buyback price represents a premium of approximately 32.78% and 32.92% over the closing prices on NSE and BSE respectively on May 13, 2026. The record date has been fixed as May 29, 2026. The buyback will be conducted through the tender offer route using the stock exchange mechanism. Promoters and Promoter Group, holding 69.71% stake, have indicated their intention to participate in the buyback. The company states this buyback is aimed at returning surplus cash to shareholders and maximizing shareholder value.
The significant premium of ~33% over current market price makes this buyback attractive for participating shareholders. The announcement is positive for the stock as it signals management confidence in the company's fundamentals and provides a floor price support. Shareholders who tender will receive cash, while non-tendering shareholders will see their percentage holding increase.