The board of Dhanuka Agritech on Tuesday approved a proposal for the buyback of its own fully paid-up equity shares at Rs 1,400 per share for an aggregate amount up to Rs 70 crore. Under the buyback, the fertiliser and pesticide manufacturer intends to acquire up to 5 lakh shares representing 1.11% of the total paid-up equity capital.The company will acquire these shares on a proportionate basis through the tender offer route, where the promoters and promoter group of the company have expressed their intention to participate in the proposed buyback.The buyback amount does not include transaction costs, viz., brokerage, fees, turnover charges and applicable taxes.The board has fixed Friday, May 29, 2026, as the record date for determining the entitlement and the names of equity shareholders who will be eligible to participate in the proposed buyback offer.The announcement was made along with Dhanuka Agritech's Q4FY26 earnings, where the company reported a 29% jump in its profit after tax (PAT) at Rs 98 crore versus Rs 76 crore in the year-ago period. The revenue from operations stood at Rs 483 crore in the January-March quarter of FY26, rising 9% from Rs 442 crore in the corresponding quarter of the last financial year.The net profit surged 144% on a sequential basis compared to Rs 40 crore in Q3FY26, while the topline increased by 18% versus Rs 410 crore in the October-December quarter of FY26.The company also recommended a final dividend of Rs 2 per equity share for the Financial Year 2025-26 to the members of the company, and the same will be paid within 30 days of the Annual General Meeting (AGM), subject to the approval of the members at the 41st AGM.It has fixed Friday, July 17, 2026, as the record date to determine shareholders' eligibility.The company reported expenses of Rs 376 crore in the quarter under review, down from Rs 368 crore in Q3FY26 and Rs 352 crore in Q4FY25.Also read: Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in April Following the announcement of the company's earnings, Dhanuka Agritech shares surged 14% to hit the day's high of Rs 1,236.50 on the NSE.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)