Jenburkt Pharmaceuticals Buyback vs Technocraft Industries Buyback 2022

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.

The Buyback is being undertaken, inter-alia, for the following reasons:

1. The Buyback will help the Company to return surplus cash to its shareholders;
2. The Buyback would involve allocation of number of Equity Shares reserved for the small shareholders;
3. The Buyback may help in improving return on equity leading to long term increase in shareholders' value;
4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares; and
5. The Buyback may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share, and enhanced return on equity.