SIS LIMITED — Important, 10-06-2025: Updates

SIS Limited has announced a board meeting on a buyback of up to 37.13 lakh shares (2.57% of equity) at ₹404 per share, totaling ₹150 Cr. The tender offer includes a 15% reservation for small shareholders, with promoters showing intent to participate. Funded from free reserves without borrowings, this move aims to return surplus cash, boost return ratios, and increase shareholder value. Promoter holding is expected to rise modestly to 72.17%. Tax on buyback income will move to shareholders from Oct 2024.