Nucleus Software Exports Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

The Board of Nucleus Software Exports at its meeting held on 22 August 2024 has approved a proposal for buyback of up to 4,48,018 fully paid up equity shares of face value of Rs 10 each from the equity shareholders of the company at a price of Rs 1,615 per equity shares for an aggregate amount of exceeding Rs 72.35 crore.

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Nucleus Software Exports has fixed 03 September 2024 as record date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.

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The price for buyback is fixed at Rs 1,615 per share, representing a 6.22% premium to Wednesday's closing price of Rs 1,520.45 on the BSE.

The company will buyback up to 4,48,018 equity shares of face value of Rs 10 each, representing 9.90% and 9.57% of the aggregate of the total paid-up equity capital and free reserves of the company based on the audited standalone and consolidated financial statements of the company, for the financial year ended on March 31, 2024, respectively.

The company’s board has fixed Tuesday, 3 September 2024 as record date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.

Nucleus Software is a software product company that provides lending and transaction banking products to the global financial services industry.

The company’s consolidated net profit dropped 43.6% to Rs 30.20 crore in Q1 FY25 as compared to Rs 53.56 crore posted in Q1 FY24. Revenue from operations declined 5% year on year to Rs 195.39 crore during the quarter.

The counter declined 6.06% to Rs 1428.30 on the BSE.

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The announcement was made after market hours on Monday.

Nucleus Software is a software product company that provides lending and transaction banking products to the global financial services industry.

The company’s consolidated net profit dropped 43.6% to Rs 30.20 crore in Q1 FY25 as compared to Rs 53.56 crore posted in Q1 FY24. Revenue from operations declined 5% year on year to Rs 195.39 crore during the quarter.

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