SIS completes its ₹106 crore open-market buyback of 25 lakh shares

The buyback at a glance

Amount spent and prices paid

SIS spent ₹105.99 crore on the buyback, against a maximum of ₹106.00 crore, excluding transaction costs such as brokerage, fees and taxes. The company records this as 100.00% of the maximum size. It closed the buyback on 16 Oct 2026, before the expiry of sixty-six working days from the start date, because the full size had been used.

The shares were bought at prices between ₹391.91 and ₹436.11, with an average of ₹423.55. The average was 11.48% below the ₹478.50 maximum price, the highest price was 8.86% below it, and the lowest was 18.10% below it. The figures come from the broker's contract notes.

Share count and capital after the buyback

Paid-up capital fell from ₹70.65 crore, or 14,13,07,643 shares, on 31 Jul 2026 to ₹69.42 crore, or 13,88,49,242 shares, on 16 Oct 2026. The later figure assumes all bought-back shares are extinguished and includes 44,273 shares allotted under the employee stock option plan after 31 Jul 2026. Each share has a face value of ₹5.

Promoter holding rises to 73.13%

Promoters and the promoter group held 10,15,45,402 shares, or 71.86%, on 31 Jul 2026. The ad keeps their share count unchanged after the buyback and shows their stake at 73.13%. Because the total number of shares fell, the same holding makes up a larger percentage.

Other recent disclosures

On 19 Oct 2026, SIS disclosed a change in its senior management personnel. Its last reported quarter, to 30 Jun 2026, showed a consolidated net profit of ₹101.66 crore on total income of ₹4,615.86 crore.

What the buyback means for SIS shareholders

The buyback cancels 25,02,674 shares, about 1.77% of the 14,13,07,643 shares outstanding on 31 Jul 2026. The ad does not say who sold the shares beyond noting that the identity of sellers of more than 1% is not known. The remaining 3,28,540 shares are due to be extinguished on or before 29 Oct 2026. The filing does not say how the company will use its capital after that date.

Reference: Original filing (PDF)