Dhanuka Agritech Buyback Record Date is 16 August 2024.Â
Dhanuka Agritech is a leading agrochemical company in India, known for its wide range of products, including herbicides, insecticides, fungicides, and plant growth regulators. The company boasts over 300 product registrations across herbicides, insecticides, fungicides, and plant growth regulators. It offers approximately 90 products across all these segments.
Dhanuka Agritech has a pan-India presence, supported by a marketing team and warehouses in all major states. The company operates three manufacturing units and 41 warehouses across the country, serving approximately 6,500 distributors and dealers and around 80,000 retailers. Through this extensive network, Dhanuka reaches about 10 million Indian farmers with its products and services. The company employs over 1,000 techno-commercial staff, backed by a strong sales and marketing team, to promote and develop new products.
Dhanuka Agritech Buyback Record Date, Other Details
| Dhanuka Agritech Buyback Dates | 22 – 28 August 2024 |
| Dhanuka Agritech Buyback Price | INR 2,000 per share |
| Market Price on Buyback Approval | INR 1,819.15 per share |
| Buyback Premium on Market Price | 9.94% |
| Buyback Offer Size (Shares) | 5,00,000 shares |
| Buyback Offer Size (Amount) | INR 100 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Dhanuka Agritech Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 30 July 2024 |
| Buyback Approval Date | 2 August 2024 |
| Public Announcement of Buyback | 6 August 2024 |
| Dhanuka Agritech Buyback Record Date | 16 August 2024 |
| Buyback Opening Date | 22 August 2024 |
| Buyback Closing Date | 28 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 28 August 2024 |
| Verification Date by the Registrar | 30 August 2024 |
| Return of unaccepted shares by Registrar | 4 September 2024 |
| Extinguishment of accepted shares | 13 September 2024 |
Dhanuka Agritech Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Dhanuka Agritech Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 3/28 | 10.71 |
| General category (for all other Eligible Shareholders) | 5/528 | 0.97 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Dhanuka Agritech Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 1,477.78 | 1,700.22 | 1,758.54 |
| Total Expenses | 1,217.60 | 1,424.64 | 1,474.75 |
| Net Income | 208.78 | 233.51 | 239.09 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 2,000 |
| Maximum shares for small shareholders (2,00,000/2,000) | 100 shares* |
| The closing price of the stock as of 2 August 2024 | INR 1,819.15** |
| Maximum amount invested in buyback (INR 1,819.15 x 100 shares) | INR 1,81,915 |
**Â For simplicity, we have considered the price on the buyback approval date
Dhanuka Agritech Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 100 | 11 | 11 (100%) | 1,989.35 | 1.09 |
| 100 | 11 | 22 (200%) | 3,978.7 | 2.19 |
| 100 | 11 | 33 (300%) | 5,968.05 | 3.28 |
Registrar of Dhanuka Agritech Buyback 2024
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail:Â [email protected]
Website:Â www.bigshareonline.com
Manager of Dhanuka Agritech Buyback 2024
SUNDAE CAPITAL ADVISORS PRIVATE LIMITED
404, 4th floor, Vaibhav Chambers, Opp. Income Tax Office,
Bandra Kurla Complex Bandra (East), Mumbai – 400051
Phone:Â +91 22 3501 4499
Email:Â [email protected]
Website:Â www.sundaecapital.com
The Process to Participate in Dhanuka Agritech Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Dhanuka Agritech buyback dates?
Dhanuka Agritech share buyback opens on 22 August 2024 and closes on 28 August 2024.
Which type of buyback is Dhanuka Agritech’s buyback offer?
Dhanuka Agritech buyback is a tender offer.
What is the Dhanuka Agritech buyback price?
Dhanuka Agritech’s buyback price is INR 2,000 per share.
What is the Dhanuka Agritech buyback record date?
The Dhanuka Agritech buyback record date is 16 August 2024.
How to participate in Dhanuka Agritech share buyback?
Dhanuka Agritech share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
