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SIS announces share buyback worth up to Rs 120 cr
SIS Limited, a prominent security and facility management firm, has announced its fifth share buyback program, aiming to repurchase shares worth up to Rs 120 crore. This move, priced at a 10% premium to its recent closing price, will bring the total capital returned to shareholders since 2017 to approximately Rs 720 crore.
Buyback alert! This security solutions stock rallied 12% on buyback update. Do you own?
Security solutions provider SIS saw its shares surge over 12% on Wednesday, reaching a 52-week high. This rally follows the announcement that the board will meet on June 29 to consider a share buyback proposal. The company, which offers security, facility management, and cash logistics, reported strong financial growth in FY26, with revenue up over 21% and operating profit by 24%
Urban Vault to generate Rs 50 crore from design, fit-out, and facility management business
Urban Vault anticipates Rs 50 crore revenue by FY 2026-27. Large companies are increasingly outsourcing office design, fit-outs, and facility management. This trend allows businesses to focus on core operations. Urban Vault recently completed a large office project in Mumbai within 90 days. The company manages over 2.80 million sq. ft. nationally. Strong growth is projected for FY2025-26.
Hong Kong’s Crown Worldwide plans to double India investments in two years
Crown Worldwide Group is set to invest an additional $30 million in India over the next two years. This expansion includes a new integrated storage and information management facility in Coimbatore. The company aims to double its capacity in one of its fastest-growing global markets. This move will support rising demand for secure storage and digitisation solutions in India.