Technocraft Industries Buyback 2022 vs Tips Industries Buyback 2022

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.

The Buyback is being undertaken for the following reasons:

• The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
• The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.