Mar 23, 2022 - Sep 22, 2022

Pennar Industries Limited Buyback (Pennar Industries Buyback) Detail

Pennar Industries is one of the leading value-added engineering products and solutions company in India. It has a significant market presence in Infrastructure, Automobiles, Power, General Engineering, and Building & Construction sectors.

Its product portfolio consists of more than 1000 precision engineering products, and 2500 tools & dies. Currently, the firm has 8 manufacturing plants at Patancheru, Sadashivpet, lsnapur, Velchal, and Mallapur near Hyderabad, Chennai in Tamil Nadu and Tarapur in Maharashtra.

Pennar Industries Buyback Detail

Issue Period	Mar 23, 2022 - Sep 22, 2022
Security Name	Pennar Industries Limited
Issue Type	Open Market Through Stock Exchange
Issue Size (Amount)	₹40.00 Crores
Buyback Price	₹50 per share
Face Value	₹5 per share
Listing At	BSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	15,440.10	21,268.30	21,598.50
Profit After Tax	28.40	534.00	666.60
Net Worth	6,958.30	7,003.30	6,674.90

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	45.85	31.85	39.85
Jan-2022	45.75	34	38.69
Dec-2021	35.85	27.65	31.21

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	45.75	31.7	39.87
Jan-2022	45.85	33.95	38.69
Dec-2021	35.95	27.8	31.21

Necessity of the Issue

The buyback aims to utilize the net proceeds towards the following objectives:

To increase the earnings per share (EPS) over a period of time.
To effectively utilize available cash, and
To improve key return ratios like return on net worth, return on assets, etc.

Pennar Industries Buyback Documents

Public Announcement

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Company Contact Information

Pennar Industries Limited
3 Floor, DHFLVC Silicon Towers, Kondapur,
Hyderabad - 500 084

Phone: +91 40 41923108
Email: corporatecommunications@pennarindia.com
Website: http://www.pennarindia.com

Pennar Industries Buyback Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: pil.buyback@kfintech.com
Website: https://karisma.kfintech.com/