Please find enclosed the Letter of Offer Dated May 22, 2026 along with the Tender Forms for demat and physical shareholders which is being dispatched by the Company to the Eligible Shareholders ....
GARFIBRES · price
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Garware Technical Fibres Ltd has announced a buyback of up to 16,17,500 fully paid-up equity shares (1.63% of total paid-up capital) at INR 680 per share through a tender offer process. The maximum buyback amount is INR 110 crore, representing 9.46% of standalone and 9.35% of consolidated free reserves as of March 31, 2025. The record date is May 20, 2026, with the buyback window opening on May 26, 2026 and closing on June 2, 2026. Small shareholders holding shares worth up to INR 2 lakh get a reserved portion (33 shares for every 299 held), while general category shareholders get 27 shares for every 866 held. Promoters and promoter group have confirmed they will NOT participate in the buyback.
The buyback at INR 680 per share provides a direct exit opportunity to shareholders at the offer price. Since promoters are not participating, minority shareholders have full access to the buyback entitlement without competition from insiders.