Dhanuka Agritech board approves buyback of 5 lakh shares at a 18% premium to current price

Dhanuka Agritech Ltd has approved a share buyback worth up to ₹70 crore at a price of ₹1,400 per equity share, representing a premium of nearly 18.2% over today’s opening price of ₹1,184.

The company said its board approved the proposal to buy back up to 5,00,000 fully paid-up equity shares of face value ₹2 each through the tender offer route. The buyback size represents 1.11% of the company’s total paid-up equity share capital.

According to the filing, the aggregate buyback consideration will not exceed ₹70 crore, excluding transaction-related expenses such as brokerage, taxes, stamp duty and other incidental charges.

The company has fixed Friday, May 29, 2026, as the record date for determining shareholder eligibility for participation in the buyback offer.

Dhanuka Agritech also noted that the promoters and promoter group have expressed their intention to participate in the proposed buyback.

The company stated that the buyback is being undertaken in accordance with SEBI Buyback Regulations and the Companies Act, 2013. It also clarified that the board retains the flexibility to increase the maximum buyback price, subject to the overall buyback size remaining unchanged, until one working day prior to the record date.