Atul Ltd (BSE:500027) announces a share repurchase program. Under the program, the company will repurchase up to INR 500 million worth of its shares. The shares will be repurchased at a price not exceeding INR 7,250 per share. The amount required by the company for the buyback is to be met out of the balances in free reserves, current surplus and/or cash and cash equivalents and or internal accruals and or liquid resources and/or such other permissible sources of funds of the company, as per the Act and the Buy-back Regulations. The purpose of the program is to return surplus funds to the equity shareholders of the company. The program will expire on August 9, 2021. As of January 22, 2021, the company had 2,96,61,733 shares in issue.