The board of Dhampur Bio Organics Limited has approved a buyback of equity shares worth up to Rs 50 crore through the open market route, at a maximum price of Rs 200 per share, according to a stock exchange filing. The proposal still needs shareholder approval.
The company said the buyback size is 13.76 per cent of its total paid-up share capital and free reserves as of September 30, 2026, based on its audited interim financial statements. This is below the 15 per cent limit. Shares will be bought through the stock exchanges under the SEBI (Buy-back of Securities) Regulations, 2018.
At the maximum price, the company would buy up to 25,00,000 shares, or 3.76 per cent of its paid-up equity capital. The filing said more shares could be bought if the price is lower, but total spending would stay within Rs 50 crore. The company must spend at least 75 per cent of the buyback size, or Rs 37.50 crore, which means buying a minimum of 18,75,000 shares at the maximum price.
According to the filing, promoters, the promoter group and persons in control of the company will not take part. The buyback size does not include transaction costs such as brokerage, taxes and advisory fees. Before the buyback, promoters held 51.00 per cent of the company, public shareholders 47.83 per cent and an employee benefit trust 1.17 per cent.
The buyback requires a special resolution of shareholders, which will be sought through a postal ballot with remote e-voting, along with any other regulatory approvals. The board has authorised a management committee to carry out the process. The company said it will publish a public announcement with the timelines in due course.
