Rishiroop Limited (BSE:526492) announces a share repurchase program. Under the program, the company will repurchase up to 640,000 shares, representing 6.6% of its issued share capital for INR 80 million. The shares will be repurchased at a price of INR 125 per share. The purpose of the program is to return surplus cash to its shareholders, to improve return on equity and to give an option to its shareholders, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback program, without additional investment. The repurchases will be made out of the company's free reserves, cash and cash equivalents or accumulated internal accruals and/or such other sources as may be permitted by law. The company has fixed September 9, 2021, as record date. The program is valid till October 20, 2021. As of August 20, 2021, the company had 9,701,288 shares in issue.