FDC sets record date of 13 Nov 2026 for ₹120 crore buyback at ₹500 a share

Capital raise
pharmaceuticals

Blacklitt Research27 October 20262 min read

FDC (NSE: FDC) has fixed 13 Nov 2026 as the record date for a buyback of up to 24,00,000 equity shares at ₹500 each, for up to ₹120 crore, it said in a filing on 27 Oct 2026. The Board approved the buyback on the same day, through the tender offer route.

Key highlights

Maximum buyback amount: ₹120 crore at ₹500 per share
Shares proposed: up to 24,00,000, or 1.47% of paid-up capital
Record date: 13 Nov 2026
Promoters and Promoter Group intend to participate

The buyback in numbers

Item	Detail
Shares proposed	Up to 24,00,000 fully paid-up equity shares of ₹1 face value
Share of paid-up capital	1.47%
Buyback price	₹500 per equity share
Maximum aggregate amount	₹120 crore
Route	Tender offer, on a proportionate basis
Record date	13 Nov 2026
Promoter intention	Promoters and Promoter Group intend to participate

Size of the buyback against the company's finances

The Board approved a buyback of up to 24,00,000 shares at ₹500 each, which comes to ₹120 crore, the maximum aggregate amount. The filing says the offer size is less than 10% of paid-up equity capital and free reserves in the audited financial statements as at 31 Mar 2026.

Against Blacklitt's market value of ₹5,760 crore at the 27 Oct 2026 close, the ₹120 crore ceiling is about 2.1%. In the latest quarter (Q2 FY27, consolidated), total income was ₹590.08 crore and net profit was ₹49.06 crore.

Flexibility on price and share count

Under Regulation 5(vi)(a) of the SEBI Buyback Regulations, the Board may, until one working day before the record date, raise the maximum buyback price and reduce the number of shares, with no change in the aggregate size. The company's own notes say the actual number of shares bought back will be known only after the buyback is complete.

Before the buyback, promoters held 69.66% of shares and public shareholders held 30.34%, as on 23 Oct 2026, according to the filing's shareholding pattern.

What the buyback means for FDC's shareholders

Shareholders on the record date of 13 Nov 2026 are entitled to take part, in proportion to their holdings. The promoters have said they intend to participate, which the filing reports as an intention rather than a commitment.

Not stated: the public announcement date, the tender period, the reason for the buyback, and how many shares will be bought back. The next dated step is the record date of 13 Nov 2026.

Reference: Original filing (PDF)

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