CMS Info Systems Ltd. has announced a share buyback of up to ₹167 crore on Thursday, targeting approximately 49 lakh fully paid up equity shares at ₹340 per piece. According to the exchange filing on BSE, the buyback price represents a 15% premium over Thursday's closing price of ₹303 per share. The stocks being bought back make up 3% of the total number of equity shares in the company's total paid-up equity share capital.
The board of directors has fixed May 22, 2026 as the record date for determining shareholder eligibility for the buyback offer. As reported by the company, the buyback size excludes transaction costs such as brokerage fees, securities transaction tax, goods and services tax, stamp duty, and other related expenses. The buyback announcement was made alongside the company's fourth quarter results and dividend declaration.
CMS Info Systems delivered robust financial results for the quarter under review, with net profit surging 37.8% sequentially to ₹79.1 crore from ₹57.4 crore in the preceding quarter. According to the company's announcement, revenue increased 2.41% to ₹633 crore from ₹618 crore in the preceding quarter. Earnings before interest and taxes rose 21.6% to ₹102 crore compared to ₹83.8 crore, with margin expanding to 16.1% from 13.6% in Q3 of fiscal 2026.
The company has declared a dividend of ₹2.50 per equity share of face value ₹10 each, representing 25% of the face value. As reported by NDTV Profit, the company's stock closed 2.26% higher at ₹303 per share on the NSE on Thursday, outperforming the benchmark Nifty index which gained 1.18% during the same period.
