Jyothy Labs plans ₹147 crore buyback at ₹215 a share through tender offer
- Capital raise
- Personal Care
Reviewed byRachit TripathiBlacklitt Research
Jyothy Labs (NSE: JYOTHYLAB) has approved a buyback of up to 68,37,210 equity shares at ₹215 each through the tender offer route, for an aggregate size of up to ₹147 crore, it said in a filing on 04 Nov 2026. The record date is 11 Nov 2026.
Key highlights
- Buyback size: up to ₹147 crore, excluding transaction costs
- Buyback price: ₹215 per equity share, payable in cash
- Shares proposed: 68,37,210, or 1.86% of paid-up equity capital
- Record date: 11 Nov 2026
The buyback in numbers
| Item | Detail |
|---|---|
| Route | Tender offer, from all eligible equity shareholders and beneficial owners on the record date |
| Shares proposed | Up to 68,37,210 fully paid-up equity shares of ₹1 each |
| Buyback price | ₹215 per equity share, payable in cash |
| Buyback size | Up to ₹147 crore, excluding transaction costs |
| Share of paid-up capital | 1.86% as at 31 Mar 2026 |
| Share of free reserves and capital | 9.70%, within the 10% statutory limit under the Board approval route |
| Record date | 11 Nov 2026 |
| Promoter participation | Promoter and promoter group do not intend to participate |
Size against the statutory limit
The buyback size is 9.70% of the aggregate of fully paid-up equity share capital and free reserves in the audited accounts for the year ended 31 Mar 2026. The Board approval route allows up to 10% of that aggregate, so the proposal sits just under the limit.
At the market value Blacklitt holds for 03 Nov 2026, the company was valued at ₹6,912 crore at ₹188.24 a share. The buyback price of ₹215 is above that closing price, a gap of about 14.2%.
Mechanics set by the Board
The Board formed a buyback committee and delegated to it the powers needed to carry out the buyback. Until one working day before the record date, the Board or the committee may raise the buyback price and cut the number of shares, keeping the buyback size unchanged.
The company says the public announcement and letter of offer will be released in due course under the Buyback Regulations. The pre-buyback shareholding pattern as on 30 Oct 2026 is enclosed; the post-buyback pattern will be ascertained after the record date.
Context from recent results
The buyback was approved at the same meeting that considered the unaudited results for the quarter and half-year ended 30 Sep 2026. Those results are not covered by this filing's figures, and the buyback filing does not link the two.
What the buyback means for Jyothy Labs' shareholders
The buyback offers to purchase up to 68,37,210 shares, about 1.86% of paid-up capital, at ₹215 each, and the promoter group will not take part, so the offer is open to other eligible holders on the record date. The filing does not say how many shares will actually be bought back, the final price, when the offer opens and closes, or the tax treatment for shareholders.
The next dated step is the record date of 11 Nov 2026. The public announcement and letter of offer have no date in the filing.
Filed with BSE on . Reference: Original filing (PDF)
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