Paushak Limited (BSE:532742) announces a share repurchase program. Under the program, the company will repurchase up to 125,000 shares, representing 3.9% of its issued share capital for INR 212.5 million. The shares will be repurchased at a price of INR 1,700 per share. The purpose of the program is to enhance the shareholder value and improve the company's return on equity by means of optimum capital allocation. The buyback program is subject to approval of shareholders by way of special resolution through postal ballot. The record date for the offer is March 23, 2018. The offer will expire on May 14, 2018. As of January 19, 2018, the company had 3,207,114 shares in issue. On February 8, 2018, the company announced that the postal ballot voting shall commence from February 11, 2018 and will end on March 12, 2018.