News ArticleDCW Limited Commences Open Market Buyback of Equity Shares at Up to ₹58 Per Share
Buyback approved by Board on October 29, 2026, with public announcement made October 31, 2026, under SEBI buyback regulations
DCW Limited has announced a buyback of its fully paid-up equity shares of ₹2 each from the open market through stock exchange mechanisms, with a maximum buyback price of ₹58 per share. The buyback is approved under relevant provisions of the Companies Act, 2013, and SEBI Buyback Regulations, 2018, and will be conducted based on prevailing market prices. The company made the public announcement on October 31, 2026, after its board meeting on October 29, 2026.
DCW Limited
Corporate Action
DCW Limited announced a buyback of its fully paid-up equity shares of ₹2 each from the open market at a maximum price of ₹58 per share, pursuant to the Companies Act, 2013, and SEBI Buyback Regulations, 2018. The decision was approved by the company's Board of Directors on October 29, 2026, and publicly announced on October 31, 2026.
The buyback will be conducted through stock exchange mechanisms, with DCW Limited purchasing equity shares from the open market based on prevailing market prices, which may be below the maximum buyback price of ₹58 per share.
The public announcement was published in national newspapers including Financial Express (English), Alpaviram (Hindi), and Financial Express (Gujarati) on October 31, 2026.
The company has complied with relevant regulatory provisions including sections 68, 69, and 70 of the Companies Act, 2013, Articles of Association of DCW Limited, and SEBI Buyback Regulations, 2018.
The company’s total paid-up equity share capital and free reserves were disclosed as per the latest financial statements dated September 30, 2026.
Shareholding details of promoters and key managerial personnel were disclosed as part of regulatory compliance.
Highlights
- Buyback of fully paid-up equity shares of ₹2 each from the open market
- Maximum buyback price fixed at ₹58 per equity share
- Board of Directors approved buyback on October 29, 2026
- Public announcement made on October 31, 2026
- Buyback to be conducted through stock exchange mechanism
- Compliance with SEBI Buyback Regulations, 2018, and Companies Act provisions
Key Data Snapshot
What happened
- DCW Limited approved a buyback of fully paid-up equity shares of ₹2 each from the open market.
- The buyback price will not exceed ₹58 per equity share.
- The buyback was approved by the company's Board on October 29, 2026, with the public announcement on October 31, 2026.
Key details
- The buyback will be executed through stock exchanges using the open market mechanism.
- The buyback is pursuant to Sections 68, 69 and 70 of the Companies Act, 2013, and SEBI Buyback Regulations, 2018.
- The company published the announcement in multiple national newspapers covering English, Hindi, and Gujarati languages.
Regulatory and governance context
- The buyback complies with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended.
- The company followed applicable provisions of the Companies Act, 2013, including relevant rules and Articles of Association.
- Shareholding details of promoters and key managerial personnel were disclosed as per regulatory requirements.
Background and context
- Total paid-up equity share capital and free reserves were disclosed as per standalone financials for the period ending September 30, 2026.
- The company does not consolidate financials of subsidiaries as it does not exercise significant control over them.
- The buyback size evaluation was based on standalone financial statements.
Highlights
- Buyback of fully paid-up equity shares of ₹2 each from the open market
- Maximum buyback price fixed at ₹58 per equity share
- Board of Directors approved buyback on October 29, 2026
- Public announcement made on October 31, 2026
- Buyback to be conducted through stock exchange mechanism
- Compliance with SEBI Buyback Regulations, 2018, and Companies Act provisions
Disclosures
- Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
- Companies Act, 2013
- Companies (Share Capital and Debentures) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Promoters and key managerial personnel shareholdings were disclosed as per regulatory requirements.
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