SIS LIMITED has informed the Exchange regarding the extinguishment of 37,12,871 fully paid-up equity shares of Rs. 5/- each bought back at Rs. 404/- per share through the tender offer route.
SIS · price
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SIS Limited has completed the extinguishment of 37,12,871 equity shares (face value Rs. 5 each) bought back at Rs. 404 per share through the tender offer route. The tendering period ran from June 12 to June 18, 2025, and the shares were formally extinguished on June 26, 2025. As a result, the company's paid-up equity share capital reduced from 14,45,47,918 shares (Rs. 72.27 crore) to 14,08,35,047 shares (Rs. 70.42 crore), with a total buyback outflow of approximately Rs. 150 crore. All shares were in demat form, and post-buyback promoter holding increased marginally from 71.91% to 72.15%, while foreign investor holdings rose from 14.96% to 27.85%.
The buyback reduces the total share count, which can boost earnings per share and is generally viewed as a signal of management confidence in the company's value. Shareholders who tendered received a healthy exit at Rs. 404 per share, while remaining shareholders may benefit from improved per-share metrics going forward.