Submission of Newspaper Publication of Public Announcement pursuant to provisions of SEBI (Buy-Back of Securities) Regulations , 2018
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Puretrop Fruits Limited (formerly Freshtrop Fruits Limited) has submitted to BSE the newspaper clippings of its Public Announcement for a buyback of up to 11,00,000 equity shares (13.80% of total equity) at ₹200 per share, for an aggregate consideration of up to ₹22 crores (excluding transaction costs). The buyback was approved by the Board on January 12, 2026 and by shareholders through postal ballot on February 20, 2026, with the Public Announcement published on March 23, 2026 in Business Standard (English and Hindi) and Ahmedabad Express (Gujarati). The buyback price represents a 27.51% premium over the 3-month VWAMP and a 23% premium over the closing price on January 6, 2026. The promoter and promoter group (collectively holding 62.39%) have indicated they intend to tender up to 48,50,927 shares, with 15% of the buyback size reserved for small shareholders. The buyback will be executed via the tender offer route using the stock exchange mechanism, funded from securities premium and free reserves.
Eligible shareholders can tender shares on a proportionate basis through the stock exchange platform; if oversubscribed, acceptance will be prorated. The buyback is expected to boost EPS and return on equity but will marginally reduce the equity base, and promoter shareholding may rise modestly post-buyback without any change in control.