SIS buyback 2026: ₹106 crore open market at ₹478.5

Board clears ₹106 crore buyback plan

SIS Limited has approved a share buyback with a maximum size of ₹106 crore. The decision was taken by the company’s board of directors in its meeting held on August 5, 2026. The buyback sets a maximum price of ₹478.50 per fully paid-up equity share. Each share has a face value of ₹5.

The company disclosed that it may buy back up to 22,15,256 equity shares at the ceiling price. In different disclosures within the provided text, the buyback size is described as representing about 1.51% to 1.57% of the paid-up or outstanding equity. The buyback is positioned as the company’s fifth programme since its stock market debut in 2017.

Route and mechanism: stock exchange buyback

The buyback is to be executed through the stock exchange mechanism. The provided details describe it as an open market buyback route, with purchases to be made on the National Stock Exchange of India Limited and BSE Limited. The text also references a “Tender Offer route through the stock exchange mechanism,” but the operational description repeatedly highlights the open market route via the exchanges.

A key feature is that promoters and persons in control are not allowed to participate. The disclosure also states that promoter holdings are to be frozen at the ISIN level until the offer closes, aligning the action with a minority shareholder-focused structure.

Price, premium, and indicative quantity

The maximum buyback price is ₹478.50 per share. One disclosure in the provided material states this price is about a 10% premium to a previous closing price of ₹435. Another data point notes a premium of approximately 12.55% over the volume-weighted average market price on BSE during the three months preceding July 31, 2026.

At the ceiling price, the buyback could cover up to 22.15 lakh shares (22,15,256 shares). The aggregate buyback consideration is capped at ₹106 crore. The material also specifies a minimum buyback size of ₹79.50 crore.

Key dates: meeting and announcement confirmed, schedule awaited

The buyback meeting date and announcement date are both stated as August 5, 2026. Several other dates such as record date, last date to buy shares, open date, close date, and finalisation of acceptance are indicated only as “2026” in the provided schedule. Separately, the text notes that the buyback is expected to open “next week,” but the exact opening and closing dates are not specified in the details provided.

The buyback period is stated to not exceed sixty-six working days from the date of opening. This sets an outer boundary for the purchase window once the programme begins.

Fifth buyback since IPO and cumulative capital return

SIS’s board approval is described as the company’s fifth buyback since its IPO in 2017. The same text states that cumulative capital returns exceed ₹700 crore after this programme, based on management commentary in the provided excerpt.

In an earnings-linked reference, the company is also described as having reported June-quarter results and announced the buyback alongside them. A separate “market snapshot” in the provided content mentioned consolidated revenue of ₹4,600 crore (₹46 billion) and consolidated net profit of ₹100 crore (₹1 billion) for Q1 FY27, while explicitly noting those figures were “not independently verified” in that source alert.

What the promoter exclusion changes for shareholders

Promoter non-participation means the buyback is directed at public shareholders in the market. Because the route described is open market through the exchanges, shareholders do not tender shares at a fixed acceptance ratio in the way a tender offer works. Instead, buyback execution depends on how the company purchases shares in the market up to the approved limit and within the defined buyback period.

The freeze on promoter holdings at the ISIN level until closure, as described in the provided text, is intended to operationally prevent promoter participation during the buyback window.

Market impact: what is known from the disclosed numbers

The headline market variables disclosed are the maximum price (₹478.50), the maximum outlay (₹106 crore), and the indicative maximum number of shares (22,15,256). The reference premiums of about 10% to a cited close of ₹435 and about 12.55% to a three-month VWAP preceding July 31, 2026 indicate the ceiling price was set above recent market levels in the period referenced.

Because the plan is an open market buyback and not a fixed-price tender with a defined acceptance, the realised average buyback price and the final number of shares repurchased can vary, subject to the overall limit and the market price during the buyback window.

Summary table of disclosed buyback terms

Company contact details provided

SIS Ltd.

Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna, Bihar, 800010

Phone: +91 80 2559 0801

Email: [email protected]

Website: https://www.sisindia.com/

Conclusion

SIS Limited’s board-approved ₹106 crore buyback at a maximum price of ₹478.50 per share sets a clear capital return action for 2026, with an indicative cap of 22.15 lakh shares and promoter exclusion. The announcement and board approval are both dated August 5, 2026, while the opening and closing dates are yet to be specified in the schedule beyond “2026.” The buyback is also described as expected to open next week, and the overall period is capped at sixty-six working days from the opening date.