Anup Engineering Buyback vs Industrial and Prudential Investment Buyback

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the equity shareholders of the company;
ii) Improve return on equity through distribution of surplus fund; and
iii) Improve earnings per share by reduction in the equity base, thereby leading to long-term increase in shareholder’s value.

The Buyback is undertaken by the Company after taking into account it's strategic and operational
cash needs to:
i) Return surplus funds to the equity shareholders.
ii) Service the Equity more efficiently.