The process of Shares Buyback follow these steps:
- Convene a board meeting for board approval.
- Convene general meeting for shareholders approval (only if buyback offer size is above 10%).
- File form MGT-14 with Registrar of Companies (RoC).
- File resolution copy with SEBI and stock exchanges.
- Public announcement for the Buyback Offer.
- File letter of offer (LOF) with the Registrar.
- Shareholders are intimated through email and SMS.
- Buyback offer opening dates are declared.
- Once buyback closes, payment is done to shareholders.
- Post buy-back compliances.
