Shares of Dhanuka Agritech Ltd. experienced a significant surge, climbing nearly 15% on Tuesday, May 19, 2026, following a series of positive announcements from its board. The agrochemical company revealed a substantial share buyback offer, a generous final dividend, and robust financial results for the fourth quarter of fiscal year 2026 (FY26).
Share Buyback Details
The company's board approved a proposal to buy back up to 500,000 fully paid-up equity shares, representing 1.11% of its total paid-up equity capital. The buyback offer is valued at up to Rs 70 crore, with a price set at Rs 1,400 per equity share. This price represents a premium of 12.21% over the day's high of Rs 1,247.55. The buyback will be conducted via a 'Tender Offer' route.
Eligible shareholders wishing to participate in the buyback offer must ensure their names are recorded by Friday, May 29, 2026, which has been set as the record date.
Final Dividend Declared
In addition to the buyback, Dhanuka Agritech's board recommended a final dividend of 100%, equivalent to Rs 2 per equity share with a face value of Rs 2 each, for the financial year 2025-26. The record date for determining shareholders eligible to receive this final dividend has been fixed as Friday, July 17, 2026.
Strong Q4 FY26 Financial Performance
The company also reported impressive financial results for the fourth quarter of FY26. Net profit saw a substantial year-on-year increase of 29.50%, reaching Rs 97.77 crore, compared to Rs 75.50 crore in the same period last year. Revenue from operations also climbed, rising 9.35% year-on-year to Rs 483.33 crore from Rs 442.02 crore in the corresponding quarter.