Jagsonpal Pharmaceuticals Limited has extinguished 16,00,000 equity shares following the completion of its buyback offer on June 02, 2026. The extinguishment was carried out on a proportionate basis through the tender offer route pursuant to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. This corporate action reduces the total number of issued, subscribed, and fully paid-up equity shares from 6,71,39,150 to 6,55,39,150, bringing the post-buyback share capital to ₹13,10,78,300.

Share Capital Reconciliation

The reconciliation of the company's share capital pre and post-extinguishment confirms that all 16,00,000 shares bought back were in dematerialized form, with no shares tendered in physical form. The equity shares extinguished carry a face value of ₹2 each. The process was verified by the Registrar to the Buyback Offer, MCS Share Transfer Agent Limited, and certified by the company's Managing Director and Non-Executive Director in compliance with Regulation 11 of the Buyback Regulations.

Depository Confirmations

National Securities Depository Limited (NSDL) executed the debit of 1,600,000 equity shares on May 27, 2026. Central Depository Services (India) Limited (CDSL) also confirmed the buyback, noting that the capital of the company recorded with CDSL post-buyback stands at ₹13,10,78,300. The extinguishment was finalized based on the public announcement dated April 28, 2026, and the letter of offer dated May 6, 2026.

Shareholding Pattern Post-Buyback

The extinguishment of shares has altered the shareholding pattern of the company. The Promoter and Promoter Group's holding has increased to 69.36% of the post-buyback equity share capital, while Foreign Investors now hold 30.64%. The total number of equity shares post-buyback stands at 6,55,39,150.

Jagsonpal Pharmaceuticals Limited has successfully concluded its buyback process, which closed on May 14, 2026. The company bought back 16,00,000 fully paid-up equity shares, representing 2.39% of the total outstanding shares as on the record date of May 4, 2026. The buyback was executed through the Tender Offer route at a price of ₹250 per equity share, aggregating to a total consideration of ₹40,00,00,000, excluding transaction costs.

Buyback Details and Subscription

The offer received significant interest from shareholders, with the Registrar to the Buyback receiving 4,429 valid applications for 58,73,380 equity shares. This resulted in a subscription level of approximately 3.67 times the maximum number of shares proposed to be bought back. The acceptance ratio varied across categories, with the General Category for other Shareholders seeing a higher subscription rate compared to the Reserved Category for Small Shareholders.

Settlement and Capital Structure

The settlement of valid bids was completed by the Clearing Corporations on May 21, 2026, with funds directly paid out to eligible shareholders. Equity shares accepted under the buyback were transferred to the company's Demat Escrow Account on the same day. Consequently, the extinguishment of the 16,00,000 accepted shares is currently under process and is expected to be completed on or before June 2, 2026.

Post-buyback, the company's issued and subscribed paid-up capital stands at 6,55,39,150 equity shares of ₹2 each, amounting to ₹13,10,78,300. The promoter and promoter group holding has increased to 69.36% of the post-buyback equity share capital.

Major Shareholders

A significant portion of the buyback was accounted for by major shareholders. Entities holding more than 1% of the total equity shares bought back included Authum Investment And Infrastructure Limited, Manish Gupta, and Ashoka India Equity Investment Trust Plc. Collectively, the top nine shareholders accounted for 54.03% of the total equity shares bought back under the offer.