Rolex Rings Limited has informed the Exchange regarding Notice of Postal Ballot
ROLEXRINGS · price
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Rolex Rings Limited has announced a proposal to buyback up to 10 million equity shares (3.67% of total paid-up capital) at ₹180 per share, totaling up to ₹1,800 million (₹180 crore). The buyback represents 20.43% of the company's paid-up capital and free reserves as per audited financials as of March 31, 2025. The company aims to improve return on equity by distributing surplus funds exceeding capital requirements. The buyback will be executed via the tender offer route through stock exchanges (BSE/NSE). Promoters and promoter group have confirmed they will NOT participate in the buyback. Shareholders can vote from May 2, 2026 to May 31, 2026 via e-voting, with results to be declared by June 2, 2026.
This buyback signals management confidence in the company's financial strength and is positive for minority shareholders as it offers an exit at ₹180 per share. The promoters' decision to abstain could be viewed neutrally, avoiding any conflict of interest concerns. The stock may see positive reaction if shareholders approve the resolution.