Orbit Exports announces buyback of up to 11.04 lakh shares at Rs 250
ORBTEXP · price
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.3 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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Orbit Exports will buy back up to 11,04,000 equity shares of face value Rs 10 each at Rs 250 per share through a tender offer route on a proportionate basis, for an aggregate amount not exceeding Rs 27.60 crore. The board approved the buyback on July 7, 2026, and the public announcement was published on July 9, 2026 in Financial Express, Jansatta, and Mumbai Lakshadeep newspapers.
Buyback signals confidence in valuation. Eligible shareholders can tender shares for cash; proportionate offer may support stock price near record date.