ReferIndia News Rs 1,000 crore in cash: Why this smallcap is buying back shares at a 28% premium

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Rs 1,000 crore in cash: Why this smallcap is buying back shares at a 28% premium

Published on: Jan. 4, 2026, 5:30 a.m. | Source: The Financial Express

This small-cap industrial is quietly working through a transition. A tighter operating posture, a richer product mix and selective expansion beyond soda ash are reshaping it from a pure commodity play into a more balanced chemical business. The costs of that shift are visible in current earnings; the benefits are still catching up.

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