SIS LIMITED Board Approves Proposed Share Buyback and Extends Director Tenure
The Board of Directors of SIS Limited approved several key resolutions on Monday, June 29, 2026, including a proposal for a significant share buyback and the continuation of Mr. Arvind Kumar Prasad as a Whole-Time Director.Regarding corporate restructuring, the Board approved in principle a proposal to conduct the company's fifth buyback since listing. The proposed buyback is aimed at an aggregate amount not exceeding INR 120 crores (Indian Rupees One Hundred and Twenty Crores only). The maximum price set for the equity shares during this process is INR 478.50 per share, which represents a premium of 10% over the closing price on June 25, 2026.
The mode of buyback and other final terms are subject to subsequent approval by the Board of Directors and by the company's shareholders.
Director Continuation Approved
In addition to the buyback proposal, the Board approved the continuation of Mr. Arvind Kumar Prasad as a Whole-Time Director. The decision, based on the recommendation of the Nomination and Remuneration Committee, allows Mr. Prasad to continue in his role upon reaching the age of 70 years. His tenure will run until the end of his current term on April 23, 2027, subject to approval by shareholders through a special resolution. The company affirmed that Mr. Prasad is not debarred from holding the office of director by any SEBI order or other authority.Mr. Prasad has been associated with SIS Limited since 1985, contributing significantly across various capacities. His background includes pioneering innovative practices in the Indian security industry, such as developing cost-plus pricing methods and designing in-house software for payroll processing, among which he designed and implemented the ERP system for the SIS Group. He brings over 37 years of experience in the finance function to his role.
Pre-Buyback Shareholding Pattern
The pre-buyback shareholding pattern of the company as on June 26, 2026, was recorded as follows:| Category of Shareholder | Number of Shareholders | Number of Equity Shares | % to the existing equity share capital |
|---|---|---|---|
| Promoters & Promoter Group along with persons acting in concert (The Promoters) | 10 | 10,15,45,402 | 71.86 |
| Foreign Investors (FIIs and Foreign Mutual Funds) | 951 | 2,21,09,173 | 15.65 |
| Financial Institutions/Banks & Mutual Funds promoted by Banks/Institutions | 9 | 88,89,703 | 6.29 |
| Others (Public, Public Bodies Corporate etc.) | 63,550 | 87,56,472 | 6.20 |
| Total | 64,520 | 14,13,00,750 | 100.00 |
SIS Stock Price Movement
SIS Limited shares edged up to close at ₹435.85 today, recording a 0.55% gain. The equity traded on a volume of 339,845 shares after moving within a daily range bounded by a low of ₹432.3 and a high of ₹444.9.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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