Jyothy Labs approves buyback at Rs 215; record date Nov 11, 2026

• Type of action: Buyback of equity shares via tender offer route
• Maximum number of shares: Up to 68,37,210 fully paid-up equity shares (face value Rs 1 each), as stated in point 2 of the board's outcome letter and in Annexure C
• Percentage of equity: Represents 1.86 % of the total number of equity shares in the total paid-up equity share capital of the Company as at March 31, 2026 (board's outcome letter, point 2; also repeated in Note 2 to the statement of financial results and in Annexure C)
• Buyback price: Rs 215 (Indian Rupees Two Hundred And Fifteen only) per equity share (board's outcome letter, point 2; Annexure C; Note 2 to the financial results)
• Maximum buyback size: Aggregate amount of up to Rs 147,00,00,150 (Indian Rupees One Hundred Forty-Seven Crore One Hundred Fifty only), excluding transaction costs (board's outcome letter, point 2)
• Buyback size as % of net worth: Represents 9.70% of the aggregate of the fully paid-up equity share capital and free reserves of the Company as per the audited financial statements for the financial year ended March 31, 2026 (board's outcome letter, point 2)
• Record date: Wednesday, November 11, 2026 (board's outcome letter, point 5; Note 2 to the financial results)
• Face value: Rs 1 per equity share (board's outcome letter, point 2; Note 2 to the financial results)

The Board has fixed Wednesday, November 11, 2026 as the record date "for the purpose of determining the entitlement and the names of equity shareholders/ beneficial owners of Equity Shares who shall be eligible to participate in the Buyback" (board's outcome letter, point 5).

Note 2 to the statement of financial results clarifies that the buyback is "from those members/benificial owners whose name appear in the Register of Members/ beneficial owners list as provided by NSDL/CDSL as on the closing hours of November 11, 2026, being the Record date".

In simple terms, shareholders whose names appear as equity shareholders or beneficial owners in the records of the Company or the depositories (NSDL/CDSL) at the close of trading on November 11, 2026 will be eligible to tender their shares in the buyback, subject to the terms of the letter of offer.

The board's outcome letter (point 3) notes that "the promoter and promoter group of the Company have vide a letter dated November 4, 2026 expressed their intention not to participate in the Buyback."

The buyback is proposed to be made from all eligible equity shareholders/beneficial owners of the equity shares of the Company as on the record date, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, and the Companies Act, 2013, as amended, and rules made thereunder (board's outcome letter, point 2).

The Board has also constituted a Buyback Committee and delegated powers to it "to do all such acts, deeds, matters and things" in connection with the buyback (board's outcome letter, point 4).

The company states that, in terms of Regulation 5(via) of the Buyback Regulations, the Board/Buyback Committee may, till 1 (one) working day prior to the Record Date, increase the buyback price and decrease the number of equity shares proposed to be bought back, such that there is no change in the buyback size (board's outcome letter, paragraph following point 5).

The board's outcome letter further states that the public announcement and the letter of offer, setting out the detailed process, timelines and other requisite details, will be released in due course in accordance with the Buyback Regulations.

In Annexure C, the company provides the key quantitative details required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing does not separately narrate a qualitative rationale within the extracted text; it focuses on the size, price, percentage of capital, and compliance details of the buyback.

For context, Annexure B to the board's outcome letter provides the pre-buyback shareholding pattern as on October 30, 2026, showing total equity shares of 36,72,35,520 and promoter and promoter group holding of 23,09,34,685 shares, representing 62.88% of the total.

The company notes that the post-buyback shareholding pattern will be determined after completion of the buyback, once the actual number of equity shares bought back and the category of shareholders from whom they are bought back are known (board's outcome letter; Annexure B and Annexure C).