Board of Directors at their meeting held on May 08, 2026 approved the Buyback of up to 1,617,500 fully paid up equity shares of the Company at a price of INR 680 per equity shares for an aggregate amount not exceeding INR 110 Crores.
GARFIBRES · price
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Garware Technical Fibres Limited's board has approved a buyback of up to 1,617,500 equity shares (1.63% of total paid-up capital) at INR 680 per share, totaling up to INR 110 crores. The buyback will be conducted via the tender offer route through stock exchanges. Promoters and promoter group have confirmed they will NOT participate in the buyback. The record date for determining eligible shareholders has been fixed as May 20, 2026. The buyback size represents 9.46% of standalone and 9.35% of consolidated free reserves as per audited FY25 financials.
The buyback at INR 680 per share provides a floor price support and signals management confidence in the company's intrinsic value. Since promoters are not participating, retail and institutional shareholders can fully avail of this opportunity to exit at the buyback price.