Board approves buy-back of 1,44,639 shares at Rs. 2,005 each; Q2 results and Chairman change
Board approved audited results for the quarter and half year ended September 30, 2026, with an unmodified auditor opinion.
By ScoutQuest · · 2 min read
- Buy-back size and price
- up to 1,44,639 equity shares of Rs. 10 each (2.38% of paid-up equity) at Rs. 2,005 per share
- Buy-back aggregate amount
- not exceeding Rs. 29,00,01,195/-
- Q2 FY27 total income
- Rs. 270.94 crore; profit Rs. 1,319.89 lakhs; EPS Rs. 21.68
Buy-back: the main corporate action
The Board approved a buy-back of up to 1,44,639 fully paid-up equity shares of face value Rs. 10 each, representing 2.38% of the total number of equity shares in the paid-up equity share capital of the company.
- Offer price: Rs. 2,005 per equity share, payable in cash.
- Aggregate consideration: not exceeding Rs. 29,00,01,195.
- Route: tender offer, on a proportionate basis, from eligible equity shareholders as on the record date.
- The buy-back size also equals 2.38% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited financial statements for the half year ended September 30, 2026, and is within the statutory limit of 10% of that aggregate under the Board approval route.
- Record date: 28 October 2026.
- Members of the Promoter and Promoter group have indicated their intention not to participate in the proposed buy-back.
- The buy-back size excludes transaction costs such as brokerage, applicable taxes including securities transaction tax, buy-back tax, GST, stamp duty, update fees, advisers' fees, public announcement expenses and printing and dispatch expenses.
- A Buyback Committee of Mr. Yatin Kakodkar, Mr. Pranab Ghosh and Mr. Raghwendra Singh Butola will do the acts and things needed for the buy-back.
- The public announcement setting out the process and timelines will be released in due course.
Quarterly and half-year results
- Total income for the quarter ended September 30, 2026: Rs. 270.94 crore, against Rs. 252.71 crore in the preceding quarter and Rs. 210.43 crore a year earlier.
- Profit for the period: Rs. 1,319.89 lakhs, against Rs. 1,463.61 lakhs in the same quarter last year.
- Earnings per share: Rs. 21.68 for the quarter; Rs. 40.10 for the half year.
- Total income for the half year: Rs. 523.65 crore, against Rs. 471.18 crore in the same half last year.
- Bus bodies delivered: 2,336 in the quarter, against 1,966 in the corresponding quarter of the previous year.
- The auditors, B S R & Co. LLP, issued an unmodified opinion on the results.
Board leadership change
- Ms. Swati Shivanand Salgaocar (DIN 03500612) was appointed Chairman of the Board with effect from December 7, 2026.
- Mr. Yatin Kakodkar (DIN 00001433) will cease to be Independent Director as well as Chairman with effect from closing hours of December 6, 2026.
What a small shareholder may note
The buy-back is at a fixed price of Rs. 2,005 per share and is done on a proportionate basis, so how much a shareholder can tender depends on the total shares offered against the 1,44,639 shares being bought. With the promoter group staying out of the offer, the shares accepted would come from the other shareholders. Separately, profit for the quarter was lower than the same quarter last year even as total income rose, and the company has said that the industrial business volume continues to be challenging due to the geopolitical situation in the Middle East while domestic business remained stable.
Also from Automobile Corporation of Goa
Record date for buyback fixed as October 28, 2026
22 Oct 2026
Buy-back of up to 1,44,639 shares at Rs. 2,005 each approved; Q2 FY27 results carry unmodified audit opinion
21 Oct 2026
Board meeting on October 21 to consider a buyback proposal as additional agenda
15 Oct 2026
More numbers
- Equity shares proposed to be bought back1,44,639
- Buy-back price per equity shareRs. 2,005/-
- Maximum aggregate buy-back considerationRs. 29,00,01,195/-
- Buy-back size as % of paid-up equity capital2.38%
- Total income for Q2 FY27270.94 (Rs. in Crores)
- Profit for the period Q2 FY271,319.89 (Rs. in Lakhs)
- Basic earnings per share Q2 FY2721.68
- Bus bodies delivered in Q2 FY272,336
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