Alldigi Tech Limited Proposes ₹48 Crore Buyback at ₹1,000

Alldigi Tech Limited has proposed a ₹48 crore tender buyback at ₹1,000 per share, representing a 23.87% premium to the ₹807.30 market price cited on the October 29, 2026 approval date. The proposal covers up to 4.8 lakh equity shares and remains subject to shareholder approval.

What did Alldigi Tech approve for its share buyback?

Alldigi Tech approved a proposal to buy back up to 4,80,000 fully paid-up equity shares through the tender offer route. The buyback price is ₹1,000 per share and the aggregate size is capped at ₹48 crore. The shares have a face value of ₹10 each, and the company is listed on both the BSE and NSE.

The proposed buyback represents 3.15% of the company’s paid-up equity capital as of March 31, 2026. It was approved by the board on October 29, 2026, alongside unaudited financial results for the quarter and half-year ended September 30, 2026. The company has formed a Buyback Committee for the process.

When will Alldigi Tech announce the buyback record date?

Alldigi Tech has not announced the buyback record date. The company has stated that the date will be declared after shareholders approve the proposal through a special resolution by postal ballot.

The record date is important because it identifies shareholders eligible to participate in the tender offer, subject to the terms eventually set out in the public announcement and Letter of Offer. Those documents are expected to be issued after the required approval process, in line with applicable Securities and Exchange Board of India regulations.

The process began with a board meeting intimation filed on October 26, 2026. The board meeting on October 29 considered the proposed buyback and approved it. At present, the record date, public announcement date and tendering schedule have not been disclosed.

Why does the buyback require shareholder approval?

The buyback requires shareholder approval because Alldigi Tech has proposed the transaction through a special resolution by postal ballot. Until that resolution is approved, the proposal is not a completed buyback offer and shareholders do not have an announced tendering window.

The company said the transaction will be undertaken under the Companies Act, 2013, the rules framed under it, the SEBI Buyback of Securities Regulations, 2018, as amended, and other applicable laws. The initial disclosure regarding the board meeting was made under Regulation 29(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The special-resolution requirement also means the proposed terms, including the ₹48 crore cap and maximum share count, remain linked to the shareholder approval process. The company has not disclosed a final timetable for the postal ballot or the subsequent offer stages in the information provided.

How does the proposed price compare with Alldigi Tech’s market price?

The proposed price of ₹1,000 per share is 23.87% above the ₹807.30 market price stated for the buyback approval date. This comparison is based on the market price provided with the buyback details and does not indicate how the share price moved after the board decision.

For eligible shareholders, a tender offer provides a route to offer shares to the company at the stated buyback price. However, participation and the number of shares accepted will depend on the final offer terms and the shareholder entitlement process disclosed after approval. The company has not announced these details yet.

The buyback is limited to 4.8 lakh shares, or 3.15% of paid-up capital. Therefore, the proposal is a defined capital action rather than an offer to acquire every outstanding share. Investors will need to wait for the record date and offer documents for the operational details.

Will Alldigi Tech’s promoter participate in the buyback?

Alldigi Tech has stated that its promoter intends to participate in the proposed buyback. The promoter holds 73.39% of the company, according to the information released with the proposal.

Promoter participation is a disclosed feature of the transaction, but the information available does not specify the eventual number of shares the promoter may tender or have accepted. Those outcomes will depend on the completed buyback process and the terms communicated after shareholder approval.

The board also identified Alok Kumar Chaubey as Senior Management Personnel, with the designation of Vice President - Sales. Separately, Alldigi Tech said the audio recording of its earnings conference call held on October 30, 2026, had been uploaded to its investor relations website.

Conclusion

Alldigi Tech’s proposed ₹48 crore buyback sets a ₹1,000 per-share tender price for up to 4.8 lakh shares, equal to 3.15% of paid-up capital. The stated 23.87% premium to the ₹807.30 approval-date market price is the central financial feature of the proposal, while the promoter’s intended participation is also relevant to shareholders reviewing the offer.

The next disclosed steps are shareholder approval through a postal-ballot special resolution, followed by the record date, public announcement and Letter of Offer. Investors should watch the company’s regulatory filings for those dates and for the final tender-offer terms, including shareholder entitlement and the offer schedule.