Weizmann Forex Limited (BSE:533452) announces a share repurchase program. Under the program, the company will repurchase up to 436,467 shares, representing 3.77% of its outstanding share capital, at a purchase price of INR 702 per share, for a total consideration of INR 306.4 million. The repurchase program will be funded out of the free reserves of the company. The purpose of the offer is to return surplus cash to its shareholders, improve certain financial ratios of the company. The shares repurchased will be cancelled. The plan will be valid up to October 16, 2018. On June 29, 2018, the company announced that the voting through postal ballot will commence from July 2, 2018 and will end on August 1, 2018. On August 3, 2018, the company announced that the record date for repurchase program is August 16, 2018.