SIS completes buyback of equity shares via tender offer

SIS Limited has finalized its buyback of 3,712,871 equity shares via a tender offer, according to a post-buyback public announcement dated June 26, 2025. The buyback, executed under the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, saw the company repurchase shares at a price of INR404 per share, totaling INR149,999,9884, excluding transaction costs. This initiative, approved by the board on March 25, 2025, and ratified by shareholders, represents 2.57% of the company’s total equity shares as of December 31, 2024. The buyback offer size represented 15.19% and 6.49% of the aggregate of the total paid-up share capital and free reserves as per the latest standalone and consolidated audited financial statements of the Company as at March 31, 2024. Post-buyback, the total issued and subscribed share capital of SIS stands at 14,083,5297 Equity Shares of INR5 each. DAM Capital Advisors Limited managed the buyback, with MUFG Intime India Private Limited acting as the registrar. The extinguishment of shares is underway and expected to be completed by July 4, 2025.