FDC board approves buyback of up to ₹120 crore at ₹500 a share

Corporate action
Pharmaceuticals

Blacklitt Research27 October 20263 min read

FDC (NSE: FDC) board approved a buyback of up to 24,00,000 equity shares at ₹500 each, with a maximum amount of ₹120 crore, it said in a filing on 27 Oct 2026. The buyback runs through the tender offer route, and the record date is 13 Nov 2026.

Key highlights

Shares proposed for buyback: up to 24,00,000 equity shares
Buyback price: ₹500 per equity share
Maximum amount: ₹120 crore, excluding transaction costs
Record date: 13 Nov 2026
Promoter shareholding before buyback: 69.66%

The buyback in numbers

Item	Detail
Shares proposed	Up to 24,00,000 equity shares, or 1.47% of paid up equity capital
Price per share	₹500
Maximum amount	₹120 crore, excluding transaction costs
Face value	₹1 per equity share
Route	Tender offer, on a proportionate basis
Record date	13 Nov 2026
Promoter shareholding before buyback	69.66%, or 11,34,10,433 shares, as on 23 Oct 2026
Total shares before buyback	16,28,10,084 as on 23 Oct 2026

Size, price and route of the buyback

The buyback covers up to 24,00,000 equity shares of ₹1 face value each, at ₹500 a share, on a proportionate basis through the tender offer route under the SEBI buyback rules. The maximum amount is ₹120 crore, and the filing says it is less than 10% of paid up equity capital and free reserves in the audited accounts as at 31 Mar 2026.

Transaction costs such as brokerage, taxes and announcement expenses are not part of the maximum size. The maximum amount is set against a market value of ₹5,760 crore at the 27 Oct 2026 close of ₹353.80 a share. Until one working day before the record date, the board may raise the maximum price and cut the number of shares, with the total size unchanged.

Promoters intend to take part

The board noted that the promoters and promoter group intend to participate in the buyback. Before the buyback, the promoters held 11,34,10,433 shares, or 69.66%, as on 23 Oct 2026, according to the pre-buyback shareholding pattern in Annexure-C, which gives a grand total of 16,28,10,084 shares.

Quarterly results approved the same day

The board also approved unaudited standalone and consolidated results for the quarter and half year ended 30 Sep 2026. The notes record a fair value loss of ₹2.32 crore in the quarter under other expenses, and a net fair value gain of ₹16.08 crore for the period under other income. The company says the quarterly figures may not be directly additive to the year-to-date numbers.

What the buyback means for FDC's shareholders

Shareholders on the record date of 13 Nov 2026 are eligible to take part in the buyback, which is offered on a proportionate basis. The post-buyback shareholding will depend on the entitlement as on the record date and the number of shares tendered, according to the filing.

The filing does not say why the buyback is being made, when it opens and closes, the premium over the market price, or how much the promoters will tender. The public announcement with the process and timelines will be released in due course under the SEBI buyback rules.

Reference: Original filing (PDF)

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