Puretrop Fruits Limited has published a comprehensive public announcement for its ₹22,00,00,000 share buyback program, targeting 11,00,000 fully paid-up equity shares at ₹200 per share through the tender offer route using stock exchange mechanism. The company has officially set April 10, 2026 as the record date for determining shareholder eligibility.

Board Approval and Regulatory Compliance

The Board of Directors approved the buyback proposal on January 12, 2026, following provisions of the Companies Act, 2013 and SEBI Buy-back Regulations. The shareholders subsequently approved the proposal through postal ballot, with results declared on February 20, 2026.

Public Announcement Publication

Pursuant to Regulation 7(i) of SEBI Buy-back Regulations, 2018, the company has published the public announcement on February 23, 2026, in multiple newspapers including Business Standard (English and Hindi national daily editions) and Ahmedabad Express (Gujarati regional daily). The announcement contains comprehensive disclosures as specified in Schedule II read with Schedule I to the Buy-back Regulations.

Buyback Rationale and Premium Pricing

The company has outlined strategic reasons for the buyback initiative including distribution of surplus funds to shareholders in proportion to their shareholding, enhancement of overall returns through improved financial ratios, and improvement in earnings per share, return on assets, and return on equity. The buyback price represents a premium of 27.51% to the volume weighted average market price during the three months preceding January 7, 2026, and 23.00% over the closing price as of January 6, 2026.

Promoter Participation Details

The promoter group, holding 62.39% of total equity shares, has expressed intention to participate in the buyback. Key promoters and their proposed tender commitments include:

Implementation Framework

The buyback will be implemented through BSE Limited as the designated stock exchange, with comprehensive regulatory compliance. The process includes reservation of 15% shares for small shareholders as mandated by regulations. The company has appointed Pravin Ratilal Share And Stock Brokers Limited as the registered broker, while Bigshare Services Private Limited serves as the registrar to the buyback. Vivro Financial Services Private Limited acts as the manager to the buyback.

Statutory Confirmations

The company's statutory auditors, F P & Associates, have provided confirmation that the buyback amount has been properly determined in accordance with Section 68(2) of the Companies Act, 2013 and Buy-back Regulations. The Board has confirmed that the company will not be rendered insolvent within one year from the board meeting date, and the debt-equity ratio post buyback will remain within the prescribed limit of 2:1.

Puretrop Fruits Limited (formerly Freshtrop Fruits Limited) has disclosed a substantial reduction in promoter shareholding through open market transactions conducted in January 2026. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

Mayank Ramesh Tandon, a promoter of the company, executed the sale of equity shares through two separate transactions on consecutive days. The following table summarizes the key transaction parameters:

Shareholding Changes

The transactions resulted in a significant reduction in the promoter's stake in the company. The detailed breakdown of shareholding changes is presented below:

Transaction Breakdown

The sale was executed in two phases over consecutive trading days:

• January 27, 2026: Sale of 61,794 shares, reducing holding from 4.16% to 3.39%
• January 28, 2026: Sale of 60,000 shares, further reducing holding from 3.39% to 2.63%

Company Capital Structure

The company's equity share capital structure remained unchanged following these transactions:

Regulatory Compliance

The disclosure was filed by Ashok Vishindas Motiani on behalf of all promoters and promoter group members of Puretrop Fruits Limited. The company secretary Preeti Jaiswar submitted the required documentation to BSE Limited on January 29, 2026, ensuring compliance with SEBI regulations for substantial shareholding changes. The transactions involved no encumbrances, voting rights other than shares, or convertible securities.