The financial data of a listed company Sun Rise Ltd. as on 31st March, 2021 is as follows: Equity Share Capital (fully paid-up of face value of ₹ 10 each) - ₹ 5,00,000 10% Preference Share Capital (fully paid-up of ₹ 100

1. Maximum Number of Shares that can be bought back: In respect of the number of equity shares bought back in any financial year, the maximum limit shall be 25% of the total paid-up equity share capital of the company in that financial year. Paid-up Equity Share Capital = ₹ 5,00,000 Face Value per Equity Share = ₹ 10 Total Number of Equity Shares = ₹ 5,00,000 / ₹ 10 = 50,000 shares Maximum number of equity shares that can be bought back = 25% of 50,000 shares = 12,500 shares . 2. Maximum Price that can be paid per equity share bought back: To determine the maximum price per share, we use the maximum buy-back amount calculated in part (i) and the maximum number of shares that can be bought back. Maximum Buy-back Amount (from part i) = ₹ 2,25,000 Maximum Number of Shares that can be bought back = 12,500 shares Maximum Price per Equity Share = Maximum Buy-back Amount / Maximum Number of Shares Maximum Price per Equity Share = ₹ 2,25,000 / 12,500 shares = ₹ 18 per equity share . Therefore, the maximum number of shares that can be bought back is 12,500 shares , and the maximum price that can be paid per equity share bought back is ₹ 18 .