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SIS Limited completed a tender offer buyback, extinguishing 37.13 lakh equity shares of ₹5 each. The buyback reduced the paid-up equity capital from ₹722.74 Cr to ₹704.18 Cr. Post buyback, shareholding of promoters slightly increased to 72.15%. Details on buyback price and timeline weren’t specified here, but the buyback was fully executed through the tender offer route and the extinguished shares have been duly reconciled. This buyback improves return metrics by reducing equity base and shows management’s intent to enhance shareholder value.