Dwarikesh Sugar Industries Limited (BSE:532610) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 1.59% of its issued share capital, for INR 315 million. The offer price per share is INR 105.

The purpose of the offer is to enhance shareholder value and optimize its capital structure. The repurchases will be funded from cash and cash equivalents of the company or such other source as may be permitted by buyback regulations or the company's act. The company has fixed March 20, 2024 as the Record Date for the offer.

The offer will close on April 3, 2024. As of March 1, 2024, the company had 188,301,470 shares outstanding.