Pursuant to Regulation 42 of the SEBI Listing Regulations and Regulation 9(i) of the SEBI Buyback Regulations, fixed Wednesday, 20th May, 2026 as the Record Date for determining the entitlement ....
GARFIBRES · price
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Garware Technical Fibres' 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 for an aggregate amount not exceeding INR 110 crores. The buyback represents about 9.4% of the company's standalone and consolidated free reserves as per FY2025 audited financials. It will be executed through the tender offer route via stock exchange mechanism. Promoters and promoter group have expressed intention not to participate in the buyback. Record Date for determining shareholder entitlement has been fixed as 20th May 2026.
The buyback signals management confidence in the company's intrinsic value, as promoters are staying away. It provides a floor price support for the stock near INR 680 and could support near-term price recovery. The relatively small quantum (1.63%) limits significant EPS accretion.