Control Print Limited (BSE:522295) announces a share repurchase program. Under the program, the company will repurchase up to 337,500 shares, representing 2.07% of its issued share capital, for INR 270 million. The shares will be repurchased at a price of INR 800 per share.

The purpose of the program is to return surplus funds in an expedient, effective and cost efficient manner. The funds for the implementation of the offer will be sourced out of the free reserves of the company and/or such other source as may be permitted by the SEBI buyback regulations. The buyback will be undertaken on proportionate basis.

The company has fixed August 18, 2023, as the record date for the offer. The offer is valid till August 30, 2023. As of July 28, 2023, the company had 16,331,712 shares in issue.