Global Pet Industries Approves Buyback of Shares Worth Up To ₹13.56 Crore
Global Pet Industries Limited has approved a substantial share buyback, allotting up to 8,47,500 equity shares at a price of ₹160 per share. The decision, made by the company's Board of Directors, sets the maximum size of the transaction and outlines the mechanism through which the buyback will be executed.The Board meeting approved the purchase of up to 8,47,500 fully paid-up equity shares with a face value of ₹10 each. The total aggregate amount for the buyback is capped at ₹13,56,00,000 (Rupees Thirteen Crore Fifty Six Lakh only), which represents up to 7.19% of the company’s total paid-up equity share capital as of March 31, 2026.
The buyback will be conducted via a proportionate Tender Offer from the equity shareholders and beneficial owners on a specified Record Date. The proposal is subject to approval by the shareholders through a special resolution using remote e-voting. Furthermore, the Board confirmed that the Buyback size calculation excludes any transaction costs related to the process.
Key Details of the Proposed Buyback
The purchase details have been set out with strict limits and conditions:- Maximum Shares: 8,47,500 Equity Shares
- Buyback Price: ₹160 per Equity Share (payable in cash)
- Total Size Limit: ₹13,56,00,000
- Share Capital Representation: Up to 7.19% of the total paid-up equity share capital
The Board granted powers to a dedicated Buyback Committee to manage all necessary actions related to the transaction, ensuring its proper execution. The company confirmed that members of the promoter and promoter group have indicated they will not participate in the proposed buyback.
Buyback Structure and Committee Formation
A dedicated committee was formed to oversee the entire process. Members appointed to the Buyback Committee include Mr. Bipin Nanubhai Panchal, Managing Director, Ms. Harmi Panchal, Whole time Director and Chief Financial Officer, and Ms. Bhavna Jamnashankar Joshi, Company Secretary & Compliance Officer. Ms. Joshi has also been formally appointed as the Compliance Officer for the buyback process.The appointment of SEBI registered intermediaries was also confirmed, with Mark Corporate Advisors Private Limited serving as a SEBI Registered Merchant Banker and YES Bank Limited designated as the Escrow Banker to the Buyback Offer. SW Capital Private Limited is set to serve as the Buying Broker.
Pre-Buyback Shareholding Pattern
As per the Audited Financial Statements of the company as on March 31, 2026, the pre-buyback shareholding pattern is detailed below:| Category | Number of Shareholders | No. of Equity Shares | % of Equity Shares |
|---|---|---|---|
| Promoter & Promoter Group | 3 | 70,87,392 | 60.13% |
| Indian Financial Institutions (including AIF) | 1 | 4,69,500 | 3.98% |
| FII/FPI/NRIs/Foreign Nationals and OCB | 1 | 8,00,000 | 6.79% |
| Indian Public, Corporates and Others | 532 | 34,30,516 | 29.10% |
| TOTAL | 537 | 1,17,87,408 | 100% |
The company noted that the post-buyback shareholding pattern will be determined upon the completion of the buyback process.
GLOBALPET Stock Price Movement
Global Pet Industries Limited shares settled flat today, closing trading at ₹162 after a day of neutral movement. The stock traded within the defined price band, which ranged between ₹153.90 and ₹170.10.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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