SIS Limited announced that Vineet Toshniwal, President (M&A and Investor Relations), has resigned from his position effective January 31, 2027. The resignation was accepted by the company due to personal reasons.

Regulatory Disclosure

The company filed an intimation with the National Stock Exchange of India and BSE Limited regarding this change in Senior Management Personnel. This disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Pushpalatha Katkuri, Company Secretary and Compliance Officer, confirmed that Toshniwal’s last working day will be January 31, 2027. A copy of the resignation letter was enclosed with the filing.

Details of Departure

The following table summarizes the key details provided in the regulatory filing:

Toshniwal’s resignation letter, addressed to Pushpalatha Katkuri, stated that he tendered his resignation with immediate effect, citing personal reasons. He noted that in accordance with his employment terms, his final working day would be January 31, 2027.

SIS Limited announced the closure of its open market buyback program on October 16, 2026, having acquired 25,02,674 equity shares at a volume weighted average price of ₹423.55 per share.

The company deployed ₹105.99 crore, excluding transaction costs, which represents 100.00% of the maximum buyback size of ₹106.00 crore approved by the Board on August 5, 2026. The buyback commenced on August 13, 2026, and was executed through the electronic trading facilities of the National Stock Exchange and Bombay Stock Exchange.

Buyback execution details

The final acquisition figures confirm that the entire authorized capital was utilized within the stipulated period. The average price of ₹423.55 reflects the weighted average across the trading window from August 13 to October 16, 2026. This figure supersedes earlier daily reports, such as the October 16 daily update which noted an average price of ₹405.37 for that specific day's transactions.

Shareholding pattern impact

Following the closure and assuming the extinguishment of all bought-back shares, the promoter holding in SIS Limited increased to 73.13% from 71.86% pre-buyback. The total number of outstanding equity shares reduced to 13,88,49,242 as on October 16, 2026, compared to 14,13,07,643 as on July 31, 2026.

Note: Post-buyback shareholding assumes completion of extinguishment for shares bought back between October 1 and October 16, 2026. It also includes 44,273 shares allotted under the Employee Stock Option Plan.

Regulatory compliance

The buyback was conducted in dematerialized form only, with no physical shares involved. Elara Securities (India) Private Limited acted as the broker for the program. A certificate confirming compliance with SEBI (Buy-Back of Securities) Regulations, 2018, was issued by MUFG Intime India Private Limited, the Company Secretary, and the Secretarial Auditor. Central Depository Services (India) Limited confirmed the debit of securities from the company's client ID.

What the numbers show

The buyback achieved full utilization of the authorized capital, deploying ₹105.99 crore against the limit of ₹106.00 crore. The volume weighted average price of ₹423.55 is significantly higher than the ₹405.37 average recorded on the final day alone, indicating that earlier purchases were executed at lower price points or that the final day's volume was small relative to the cumulative total. The reduction in share count by 2,45,840 shares (net of ESOP additions) directly contributed to a 1.27 percentage point increase in promoter stake, highlighting the accretive effect on ownership concentration for existing promoters.