StockWatch
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Other Textile Products
Buyback7 Jul 2026, 09:50 pm

Orbit Exports Approves ₹27.6 Cr Share Buyback at ₹250/Share

AI Summary

Orbit Exports Limited's board of directors has approved a share buyback program of up to ₹27.60 crore. The buyback will be conducted through the tender offer route at a price of ₹250 per equity share. The maximum number of shares to be bought back is 11,04,000, representing 4.16% of the total paid-up equity share capital. The record date for determining eligibility has been fixed as July 15, 2026. Promoters will not participate in the buyback. Saffron Capital Advisors Private Limited has been appointed as the Manager to the Buyback. Additionally, Mr. Omprakash Jat has been appointed as the Company Secretary & Compliance Officer.

Key Highlights

  • Orbit Exports announces ₹27.6 crore share buyback.
  • Buyback price set at ₹250 per equity share.
  • Record date for buyback eligibility is July 15, 2026.
  • Promoters will not participate in the buyback.
  • New Company Secretary & Compliance Officer appointed.