Archidply Industries Limited (BSE:532994) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares, representing 9.97% of its issued share capital, for total worth of INR 81.4 million. The shares will be repurchased at a price of INR 37 per share. The shares repurchased will be funded from internally generated cash, current surplus and/or cash balances of the company and other sources as may be permitted by law. The purpose of the program is to distribute surplus cash to its shareholders, achieve optimal capital structure and improve financial ratios like earnings per share and return on equity by reducing the equity base of the company. The company has fixed January 19, 2021, as the record date for the offer. The plan will be valid till February 24, 2021. As of December 25, 2020, the company had 22,065,000 shares are issued and outstanding.