Submission of Public Announcement pursuant to the provision of the SEBI (Buy-Back of Securities) Regulation, 2018
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Puretrop Fruits Limited (formerly Freshtrop Fruits Limited) has announced a buyback of up to 11,00,000 (11 lakh) fully paid-up equity shares of ₹10 face value at ₹200 per share, aggregating to ₹22 crore (excluding transaction costs). The buyback represents 13.80% of total equity shares and 17.42% of paid-up capital and free reserves as of September 30, 2025. The buyback price offers a premium of 27.51% over the 3-month volume weighted average market price and 23.00% over the closing price on BSE as of January 6, 2026. The buyback was approved by the Board on January 12, 2026 and by shareholders through postal ballot on February 20, 2026. The buyback will be executed through the tender offer route using the stock exchange mechanism, with 15% reservation for small shareholders. Promoter Freshcap Foodstuff LLP has expressed intent to participate in the buyback.
This buyback returns surplus cash to shareholders at a meaningful premium and is likely to support the stock price. Post-buyback, earnings per share and return on equity may improve due to a reduced equity base, benefiting remaining shareholders.