2026-06-20 10:51:56 am | Source: MMJC and Associates
Comment on SEBI`s approving Buyback Reform Proposals by Makarand M Joshi by MMJC and Associates
Below Comment on SEBI’s approving Buyback Reform Proposals by Makarand M Joshi by MMJC and Associates
SEBI’s decision to allow two buybacks in a year aligns the regulations with the Companies Act Amendment Bill, 2026 and provides listed companies greater flexibility in capital management - critical when India Inc has already announced buybacks worth Rs25,000 crore in 2026 so far, the highest since 2023. The move to reintroduce open market buybacks and discretion in appointment of merchant bankers for buybacks shifts responsibility to the company, stock exchanges, and statutory auditors. This would raise the bar on board-level and auditor accountability'
SEBI Press Statement
2.2.8 With a view to reduce cost to the company and ease of doing business, the appointment of Merchant Banker is made discretionary on part of the company for undertaking buy-back. If company decides not to appoint merchant banker the activities undertaken by Merchant Banker have been assigned to Company, Compliance officer, Statutory Auditor, Secretarial Auditor and Stock Exchanges.
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