
Buyback7 Jul 2026, 09:40 pm
Orbit Exports Ltd Approves Share Buyback of ₹27.6 Cr
AI Summary
Orbit Exports Limited's board of directors has approved a share buyback program valued at up to ₹27.60 crore. The buyback will be conducted through the tender offer route at a price of ₹250 per equity share. This represents approximately 9.88% of the company's equity share capital and free reserves. The company plans to buy back a maximum of 11,04,000 equity shares, which is 4.16% of its total paid-up equity share capital. The record date for determining eligibility is fixed as July 15, 2026. 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 approves buyback of equity shares worth ₹27.6 Cr.
- Buyback price set at ₹250 per share via tender offer.
- Record date for buyback eligibility is July 15, 2026.
- Promoters will not participate in the buyback.
- New Company Secretary & Compliance Officer appointed.
Price Impact
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