The agrochemical company plans to repurchase up to 5 lakh fully paid-up equity shares through the tender offer route, representing 1.11% of its paid-up equity share capital.
The aggregate buyback size of ₹70 crore represents 4.2% of the company’s paid-up share capital and free reserves as of March 31, 2026.
Eligible shareholders can tender their shares until June 10, while the settlement process is scheduled to be completed by June 17. By that date, the company is expected to dispatch share certificates, make payments for accepted shares and return any unaccepted shares to investors through the stock exchange mechanism.
The record date for determining shareholder eligibility was fixed at May 29. As per the letter of offer, shareholders in the small shareholder category will be entitled to tender one share for every 15 shares held on the record date, while shareholders in the general category will be entitled to tender five shares for every 518 shares held.
The company had announced the buyback proposal alongside its March-quarter results in May. Dhanuka Agritech reported a net profit of ₹98 crore for the quarter, up 30% from ₹76 crore a year earlier, while revenue increased 9% year-on-year to ₹483 crore. EBITDA rose 14%, with margins expanding to 25.7% from 24.7% a year ago.
Most of Dhanuka’s previous buybacks have been carried out through the tender offer route, with promoter participation. The latest offer comes at a time when the company continues to benefit from steady demand in the crop protection segment and improving profitability.
Shares of Dhanuka Agritech ended Tuesday’s session at ₹1,099 on the NSE, up 1.3%. At the buyback price of ₹1,400 per share, the offer implies a premium of roughly 27% to the closing market price.
