Dhanuka Agritech today approved a buyback proposal worth up to ₹70 crore through the tender offer route, according to an exchange filing.
The company’s board has approved the repurchase of up to 5,00,000 fully paid-up equity shares having a face value of ₹2 each at a buyback price of ₹1,400 per share.
The proposed buyback size represents 1.11% of the company’s total paid-up equity share capital and free reserves, based on the latest audited standalone and consolidated financial statements as of March 31, 2026.
Dhanuka Agritech said the buyback will be carried out on a proportionate basis through the tender offer mechanism in accordance with SEBI Buyback Regulations and the Companies Act, 2013.
The company has fixed May 29, 2026, as the record date for determining the entitlement and eligibility of shareholders to participate in the buyback offer.
The filing also stated that the promoters and promoter group of the company intend to participate in the proposed buyback.
The maximum buyback size excludes transaction-related expenses such as taxes, brokerage, public announcement expenses, printing and dispatch costs, and other incidental expenses.
Dhanuka Agritech added that the board may revise the maximum buyback price, subject to the overall buyback size remaining unchanged, up to one working day prior to the record date.