Control Print – Deserves attention?

Hi Harsh,

Thanks for summarising the con call. I wasn’t able to attend so waiting for the transcripts and audio recording.

What are your views on the promoters deciding to participate in the buyback?

I didn’t expect them to participate. I would have thought that

1. They would use the buyback to increase their shareholding percentage.

2. Considering their promising future outlook and immediate FY25 standalone sales targets, the share price definitely has scope to go higher than the buyback price.

How would you evaluate the management on this event now? Were there any questions asked in the concall on this topic?

Disclosure: Invested and contemplating whether to participate in the buyback due to the management’s decision to participate