Orbit Exports announces Rs 27.6 crore share buyback at Rs 250
ORBTEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 board approved buyback of up to 11.04 lakh equity shares at Rs 250 each, totaling Rs 27.6 crore. This is about 4.16% of paid-up equity capital. Buyback price offers around 11-13% premium over recent closing prices on BSE and NSE. Record date is July 15, 2026. Buyback will be via tender offer route on a proportionate basis. Promoters will not participate. 15% is reserved for small shareholders.
Buyback reduces share count and signals management confidence; price offers around 11-13% premium over recent market levels.