SIS LIMITED has informed the Exchange regarding 'Shareholders resolution dated May 28, 2025, approving Buyback of equity shares by SIS Limited'.
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SIS Limited has filed the shareholders' special resolution dated May 28, 2025, approving a buyback of up to 37,12,871 equity shares (representing 2.57% of total paid-up equity capital) at a price of ₹404 per share. The buyback will be carried out through the tender offer route on a proportionate basis, with a maximum aggregate size of ₹150 crores. This follows the board's earlier approval on March 25, 2025, and the buyback size represents 15.19% of standalone and 6.49% of consolidated paid-up equity capital and free reserves as of March 31, 2024. A record date will be decided by the Board/Buyback Committee to determine eligible shareholders, and 15% of the buyback is reserved for small shareholders.
This is a routine procedural filing confirming shareholder approval for the already-announced buyback. The actual buyback at ₹404 per share will return up to ₹150 crores to shareholders and is generally viewed positively as it signals management's confidence and reduces share count, potentially lifting EPS. Investors should watch for the upcoming record date announcement to participate in the tender offer.