Puretrop Fruits bought back shares at ₹200 per share through a tender offer that ran from 17 April 2026 to 23 April 2026 (record date 10 April 2026), with the shares listed on the BSE. Shareholders on the register on 10 April 2026, the record date, were eligible to tender. The offer covered 11,00,000 shares, about ₹22 crore. The buyback price was 15.3 percent above the closing price of ₹173.51 on 12 January 2026, the last close before the offer;
a small shareholder could tender up to 1,000 shares within the two-lakh-rupee limit. Puretrop Fruits Limited, formerly Freshtrop Fruits Limited, incorporated in 2003, is a company that specializes in the procurement, processing, and export of fresh fruits as well as fruit products. The company has been a supplier of grapes and pomegranates from India to various supermarkets across Europe for over a decade now. The company is committed to quality, food safety, as well as traceability;
it has long-term relationships with growers to ensure a consistent supply of fresh fruits for export markets. In 2009, Puretrop Fruits Limited established a fruit juice processing plant at Nashik in Maharashtra to process fruits into juices as well as other related products, utilizing its procurement expertise while maintaining similar standards of quality as well as food safety within the processed segment.
| Acceptance | Shares accepted | Profit |
|---|---|---|
| 33% | 330 | ₹8,741 |
| 50% | 500 | ₹13,245 |
| 75% | 750 | ₹19,867 |
| 100% | 1000 | ₹26,490 |
Before brokerage and tax, on the maximum small-shareholder holding at the last close before the offer; the offer has since closed.
In a tender offer the company fixes a price, usually above the market price, and invites every shareholder who held shares on the record date to offer some or all of them back. The entitlement ratio says how many shares you may tender for every share you hold, and because most offers are oversubscribed the acceptance ratio, the share of tendered shares the company actually buys, is known only after the offer closes.
Shares are tendered through your broker during the offer window; accepted shares are paid for at the buyback price and the rest return to your demat account within a few days of the close.
Fifteen percent of every tender offer is reserved for small shareholders, defined as those whose holding in the company was worth two lakh rupees or less at the market price on the record date. Because far fewer shares are tendered in that category, its entitlement ratio is usually much higher than the general category's, and that reservation is the reason retail investors follow buybacks at all.
The figures on this page show how many Puretrop Fruits shares fit within the limit, what they cost at the last closing price, and what the profit would be at different acceptance ratios, before brokerage and tax.
Since October 2024 the amount a shareholder receives in a buyback is taxed as a dividend in their hands at their slab rate, and the cost of the accepted shares becomes a capital loss that can be set off against capital gains. That makes the after-tax result quite different from the headline premium, and for a shareholder in a high tax bracket a buyback with a modest premium can be worth less than selling on the exchange.
Work it through for your own bracket, or ask a tax adviser, before tendering.
₹200 per share, 15.3 percent above the closing price of ₹173.51 on 12 January 2026, the last close before the offer. The premium over the market price is what made tendering worthwhile.
10 April 2026. Shareholders had to hold the shares in their demat account on that date, which meant buying them by 9 April 2026 so that delivery settled in time.
The tender window ran from 17 April 2026 to 23 April 2026. Shares were tendered through brokers, and tender forms were accepted until 23 April 2026.
4/29: the company accepted 4 shares for every 29 held, about 13.8 percent of a small shareholder's holding, before any unaccepted shares from other categories were redistributed. The general category ratio was 4/29.
Up to 1,000 shares, which is the two-lakh-rupee small-shareholder limit divided by the buyback price of ₹200. At the closing price of ₹173.51 that holding cost about ₹1,73,510.
The offer closed on 23 April 2026. The company has not published the final acceptance ratio; the table shows what the profit would have been at 33 to 100 percent acceptance. At 33 percent the profit on a maximum small-shareholder holding would have been about ₹8,741; at 100 percent about ₹26,490, before brokerage and tax.
Accepted shares were paid for at ₹200 and unaccepted shares were returned to demat accounts by 30 April 2026.
For buybacks completed after 1 October 2024 the amount received is taxed as dividend income at your slab rate, and the cost of the accepted shares becomes a capital loss that can be set off against capital gains. Confirm the treatment for your own position with a tax adviser.