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The board of Dhanuka Agritech has approved a share buyback proposal at Rs 1,400 per equity share for a total amount of up to Rs 70 crore.
Under the buyback plan, the company aims to repurchase up to 5 lakh fully paid-up equity shares, representing 1.11% of its total paid-up equity capital.
The company will acquire these shares on a proportionate basis through the tender offer route. The promoters and promoter group of the company have expressed their intention to participate in the proposed buyback.
The buyback amount does not include transaction costs such as brokerage, fees, turnover charges, and taxes.
The board has fixed Friday, May 29, 2026, as the record date to determine eligible shareholders for the buyback offer.
Along with the buyback announcement, Dhanuka Agritech reported strong Q4FY26 results. The company posted a 29% rise in profit after tax (PAT) to Rs 98 crore compared to Rs 76 crore last year. Revenue from operations increased 9% to Rs 483 crore from Rs 442 crore in the same quarter last year.
Compared to Q3FY26, net profit jumped 144% from Rs 40 crore, while revenue rose 18% from Rs 410 crore.
The company also recommended a final dividend of Rs 2 per equity share for FY2025-26, subject to shareholder approval at the 41st AGM. The dividend will be paid within 30 days after the AGM.
Friday, July 17, 2026, has been fixed as the record date to determine eligible shareholders for the dividend.
The company’s expenses stood at Rs 376 crore during the quarter. After the earnings announcement, Dhanuka Agritech shares surged 14% to hit an intraday high of Rs 1,236.50 on the NSE.
