SIS extinguishes 3,28,540 bought-back shares, capital at ₹69.42 crore

Capital raise

Blacklitt Research23 October 20262 min read

SIS (NSE: SIS) has extinguished 3,28,540 equity shares bought back between 1 and 16 Oct 2026 under its open-market buyback, it said in a filing on 23 Oct 2026. Paid-up equity share capital after the extinguishment is ₹69.42 crore across 13,88,49,242 shares.

Key highlights

Shares extinguished: 3,28,540 equity shares of ₹5 face value
Buyback period: 1 Oct 2026 to 16 Oct 2026
Extinguishment effected by CDSL: 21 Oct 2026
Equity share capital extinguished: ₹16.43 lakh
Paid-up capital after extinguishment: ₹69.42 crore

The extinguishment in numbers

Item	Detail
Shares extinguished	3,28,540 equity shares, all in demat form
Buyback period	1 Oct 2026 to 16 Oct 2026
Effected on	21 Oct 2026, per CDSL letter dated 22 Oct 2026
Equity share capital extinguished	₹16.43 lakh
Shares extinguished before this filing	21,74,134 (August and September 2026), ₹1.09 crore
ESOP allotments after the Public Announcement	44,273 shares, ₹2.21 lakh
Paid-up equity shares after extinguishment	13,88,49,242
Paid-up equity share capital after extinguishment	₹69.42 crore

How the buyback shares were extinguished

The company extinguished 3,28,540 fully paid-up equity shares of ₹5 face value that it bought back during 1 Oct 2026 to 16 Oct 2026 through the open market route. The buyback was announced by a Public Announcement dated 6 Aug 2026, published on 7 Aug 2026, and began on 13 Aug 2026.

CDSL confirmed the extinguishment in a letter dated 22 Oct 2026, with the debit effected on 21 Oct 2026. All the shares were bought back in demat form through Elara Securities (India) Private Limited, and none in physical form. A certificate from the registrar, MUFG Intime India Private Limited, and the secretarial auditor confirms compliance with the buyback rules.

Share capital after the extinguishment

Before this extinguishment, 21,74,134 shares bought back in August and September 2026 had already been extinguished, worth ₹1.09 crore. The reconciliation adds 44,273 shares, worth ₹2.21 lakh, allotted under the ESOP after the Public Announcement.

After both steps the paid-up equity share capital stands at 13,88,49,242 shares, or ₹69.42 crore. The filing says the figure has been updated with CDSL and National Securities Depository Limited.

What the extinguishment means for SIS shareholders

The shares are removed from the company's share capital, so the number of equity shares outstanding falls from 13,91,77,782 to 13,88,49,242. The filing does not state the price paid per share, the total consideration, the full buyback size or whether the buyback is complete, and it gives no reason for the buyback or a next dated step.

Reference: Original filing (PDF)

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