News ArticleJyothy Labs Raises Buyback Price to ₹240 and Lowers Share Buyback to 61.25 Lakh Shares
Company adjusts buyback plan for a maximum payout of ₹147 crore, representing 1.67% of paid-up capital
Jyothy Labs Limited revises its equity share buyback plan by raising the buyback price from ₹215 to ₹240 per share and decreasing the maximum number of shares to be bought back from 68.37 lakh to 61.25 lakh shares, totaling up to ₹147 crore. This buyback represents up to 1.67% of the company's paid-up equity capital.
Jyothy Labs Limited
Corporate Action
Jyothy Labs Limited has increased the price for its proposed buyback of equity shares from ₹215 to ₹240 per share and reduced the number of shares to be bought back to 61,25,000, marking a strategic adjustment to its buyback program announced in November 2026.
The company initially announced a buyback of up to 68,37,210 equity shares at ₹215 per share for an aggregate consideration not exceeding ₹147 crore.
Following the Buyback Committee meeting on November 9, 2026, the buyback price was enhanced to ₹240 per share, with a corresponding decrease in the maximum number of shares to 61,25,000, which equals about 1.67% of Jyothy Labs' paid-up equity share capital.
The buyback will be conducted via the tender offer route, in compliance with the Companies Act, 2013 and SEBI Buyback Regulations.
An addendum outlining these revisions will be published in multiple newspapers including Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi), and will be accessible on Jyothy Labs' website, as well as regulatory and stock exchange websites.
Highlights
- Buyback price raised from ₹215 to ₹240 per equity share.
- Maximum buyback quantity reduced from 68,37,210 shares to 61,25,000 shares.
- Total buyback amount capped at ₹147,00,00,150 (₹147 crore approx).
- Shares to be bought back represent up to 1.67% of total paid-up equity share capital.
- Buyback through the tender offer route under applicable Indian laws and SEBI regulations.
- Addendum to be published in financial newspapers and online platforms for investor information.
Key Data Snapshot
What happened
- Jyothy Labs Limited revised its equity share buyback plan by increasing the price per share from ₹215 to ₹240.
- The maximum number of shares to be bought back was decreased from 68,37,210 shares to 61,25,000 shares.
- The total buyback amount remains capped at ₹147 crore.
- The buyback represents up to 1.67% of the company's paid-up share capital.
Key details
- The buyback will be executed through the tender offer route in compliance with the Companies Act, 2013 and SEBI Buyback Regulations, 2018.
- An addendum communicating these changes will be published in English, Hindi, and Marathi newspapers.
- The addendum and related documents will be available on the company's and regulators' websites during the buyback period.
Regulatory and governance context
- The buyback follows Securities and Exchange Board of India regulations and Companies Act requirements.
- The Buyback Committee approved the revised price and quantity in a meeting held on November 9, 2026.
- All announcements are filed with BSE and NSE for transparency and compliance.
Highlights
- Buyback price raised from ₹215 to ₹240 per equity share.
- Maximum buyback quantity reduced from 68,37,210 shares to 61,25,000 shares.
- Total buyback amount capped at ₹147,00,00,150 (₹147 crore approx).
- Shares to be bought back represent up to 1.67% of total paid-up equity share capital.
- Buyback through the tender offer route under applicable Indian laws and SEBI regulations.
- Addendum to be published in financial newspapers and online platforms for investor information.
Disclosures
- Companies Act, 2013
- Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Source Information
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