Orbit Exports board approves 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 11,04,000 equity shares (4.16 percent of paid-up capital) at Rs 250 per share, totaling Rs 27.60 crore, via tender offer through stock exchanges. Price offers 10.64 percent and 11.89 percent premium over the 3-month weighted average on BSE and NSE respectively. Promoters will not participate. Record date is July 15, 2026. Buyback stays within the 10 percent statutory limit. 15 percent reserved for small shareholders.
Buyback at a premium may support the stock price. Promoters sitting out opens more shares for public holders. Tender ratio will decide allotments.