Cosmo First Buyback vs Jenburkt Pharmaceuticals Buyback

The buyback is being undertaken for the following reason:

• The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.

• The Buyback will help in achieving an optimal capital structure.

• The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The buyback is being undertaken for the following reason:

• The company is expected to achieve the objective of returning surplus funds to the shareholders, improving return on equity through distribution of surplus funds, improving earnings per share by reduction in equity base and increasing shareholders' value in the long term by improving key return ratios.

• The Buyback will lead to reduction in outstanding Equity Shares of the Company, improvement in 'earnings per share' and enhanced return on equity.