Shardul Securities Sets Record Date for Rs 115.20 Crore Buyback

Record Date: October 8, 2026 | Buyback Price: Rs 60 per share

Reader Takeaway: Shareholders on record by October 8 qualify for the Rs 115 crore cash exit opportunity.

What just happened

Shardul Securities Ltd has officially fixed Thursday, October 8, 2026, as the record date for its upcoming share buyback program. This procedural milestone follows earlier approvals from the board on August 12 and shareholders on September 29, 2026. The company will repurchase up to 1,92,00,000 equity shares at a fixed price of Rs 60 per share, totaling a maximum consideration of Rs 115.20 crore.

Why this matters

The record date is the definitive cutoff for shareholders to participate in the buyback. Investors who wish to tender their shares must ensure their holdings are reflected in the company's register of members by the close of business on October 8. This buyback serves as a capital allocation strategy, providing a direct mechanism for shareholders to receive cash from the company at a premium to the face value of Rs 2 per share.

What changes now

With the record date set, the focus shifts to the tender offer process. The company is expected to provide further details regarding the specific tender window and instructions for shareholders. The total consideration of Rs 115.20 crore is strictly for the share acquisition and does not include secondary transaction costs such as taxes, brokerage, or filing fees.

What to track next

Shareholders should monitor upcoming communications from the company's registrar regarding the electronic tender process. Investors holding shares in demat form should ensure their broker accounts are updated. It is advisable to review the final letter of offer once issued by the company to understand the acceptance ratio and procedural timelines for share submission.