Amrit Corp. Limited (BSE:507525) announces a share repurchase program. Under the program, the company will repurchase up to 175,000 shares, representing 5.45% of the issued shares for INR 144.37 million. The shares will be repurchased at a price of INR 825 per share. The company has fixed July 3, 2020, as the record date for the offer. The purpose of the offer is to service the equity more efficiently. to return surplus funds to its equity shareholders and also to increase equity shareholders value. The repurchase program will be funded from free reserves and/or such other sources as may be permitted by law cash and cash equivalents and/or accumulated internal accruals. The Buyback, which is being implemented through the Tender Offer as prescribed under the Buyback Regulations, would involve minimum reservation of 15% for Small Shareholders and allocation of higher of number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the Small Shareholders. The company has fixed July 3, 2020, as record date. As of June 19, 2020, the company had 3,213,231 shares in issue.