FDC Limited fixes November 13 record date for ₹120 crore buyback

FDC Limited has fixed November 13, 2026, as the record date for a tender offer buyback of up to 24 lakh equity shares at ₹500 each. The transaction has a maximum value of ₹120 crore and covers up to 1.47% of FDC's existing paid-up equity share capital.

What did FDC approve in its share buyback?

FDC approved the repurchase of up to 24,00,000 fully paid-up equity shares with a face value of ₹1 each at ₹500 per share. The board approved the proposal at its meeting on October 27, 2026, alongside the company's unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026.

The aggregate consideration for the buyback will not exceed ₹120 crore. FDC will undertake the transaction through the tender offer route using the stock exchange mechanism, with its shares listed on both the BSE and NSE. Sundae Capital Advisors Private Limited has been named as the manager to the offer.

The proposed maximum quantity represents 1.47% of FDC's existing paid-up equity share capital. The company said the buyback size is below 10% of its paid-up equity share capital and free reserves, based on its latest audited financial statements for FY26.

When is the FDC buyback record date and who can participate?

The FDC buyback record date is Friday, November 13, 2026, and it will determine the shareholders eligible to participate in the offer. Shareholders holding FDC equity shares in their demat accounts on the record date can tender shares under the buyback, subject to the terms of the offer.

FDC has stated that eligible equity shareholders may participate on a proportionate basis. The record date establishes the shareholder base for the transaction but does not itself specify the number of shares that will be accepted from each eligible holder.

Promoters and members of the promoter group have indicated their intention to participate in the buyback. The transaction is also subject to the requirement that FDC maintains the minimum public shareholding prescribed under applicable rules.

How did the FDC buyback process unfold?

FDC's board considered the proposed buyback at its October 27 meeting and approved the repurchase of shares at a fixed price of ₹500 per share. The company also scheduled that meeting to consider its financial results, and the buyback decision was announced with the September-quarter and half-year financial disclosures.

On October 28, FDC disclosed the board resolution approving the buyback of fully paid-up equity shares. This was followed by announcements on October 29 relating to the public announcement under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements regulations and the public announcement submitted to the BSE by the manager to the offer.

The company has said that the tender offer will be made under applicable SEBI regulations and the Companies Act. The supplied disclosures do not state the final tendering window, entitlement ratio, acceptance ratio, or payment schedule. These operational details are expected to be set out in the formal tender offer documents.

Why does the ₹120 crore buyback matter for FDC investors?

The proposed buyback gives eligible FDC shareholders a route to tender shares at the board-approved price of ₹500 per share. Whether an investor's tendered shares are accepted in full or in part will depend on the entitlement process and the final level of shareholder participation, neither of which is specified in the disclosed information.

The offer is capped at 24 lakh shares and ₹120 crore, so FDC cannot buy more than the approved quantity or aggregate consideration under this proposal. The limited size is also evident from the company's disclosure that the maximum share count equals 1.47% of its paid-up share capital.

For the company, the transaction is a capital action approved within the regulatory threshold described by the board. FDC said the offer size represented 4.84% and 4.87% of paid-up share capital and free reserves as of March 31, 2026, based on the measures cited in its announcement.

What should shareholders track before the tender offer?

FDC shareholders should track the formal public announcement and tender offer documents for the detailed timetable and participation terms. The existing disclosures confirm the record date, offer price, maximum number of shares and total offer size, but they do not provide the final entitlement or acceptance figures.

Investors will also need to check the tendering instructions issued through the stock exchange process. Holding shares on the November 13 record date establishes eligibility, while tendering and acceptance will be governed by the final buyback documentation and applicable regulations.

Conclusion

FDC has approved a ₹120 crore tender offer buyback at ₹500 per equity share and set November 13, 2026, as the eligibility record date. The offer covers up to 24 lakh shares, or 1.47% of the company's paid-up equity share capital, and promoters have indicated that they intend to participate.

The next disclosures to watch are the tender offer timetable, entitlement details, tendering procedure and acceptance outcome. FDC's public announcement process has begun, with Sundae Capital Advisors acting as manager to the offer.