Announced Mon, 29 Jun · 18:29 IST
SIS board approves INR 120 cr buyback proposal and director continuation
Management Changes View source PDF
SIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹436.65
prior close
₹429.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.5-0.9-1.1-1.1-3.3-2.5-2.4-2.0-1.5+0.7+1.0———
Up moveDown movePending
AI summary
Board approved in principle a fifth buyback of equity shares worth up to INR 120 crores at a max price of INR 478.50 per share, about a 10% premium over the June 25 closing price. Final terms and mode await board and shareholder approval. Separately, the board approved continuation of Whole-Time Director Arvind Kumar Prasad beyond age 70 until end of his term on April 23, 2027, subject to shareholder approval via special resolution. Promoters hold 71.86% of the company.
Likely market impact
Buyback signals management confidence and returns cash to shareholders; final terms await shareholder approval.