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Buyback17 Jul 2026, 05:50 pm

Orbit Exports Announces Buyback of Equity Shares

AI Summary

Orbit Exports Ltd has submitted a Letter of Offer for a buyback of up to 11,04,000 equity shares, representing 4.16% of its total paid-up equity share capital. The buyback will be conducted through a tender offer at a price of ₹250 per share, for an aggregate amount not exceeding ₹27.60 crore. The record date for determining eligible shareholders is July 15, 2026. The buyback opens on July 21, 2026, and closes on July 27, 2026. This initiative is in compliance with SEBI Buyback Regulations, 2018, and the Companies Act, 2013.

Key Highlights

  • Orbit Exports launches buyback of up to 11,04,000 equity shares.
  • Buyback price set at ₹250 per share, totaling up to ₹27.60 crore.
  • Tender offer process to be used for the buyback.
  • Record date for eligibility is July 15, 2026.
  • Buyback period: July 21, 2026, to July 27, 2026.