Board of Directors at their meeting held on May 11, 2026 approved the Buyback of up to 40,00,000 fully paid up equity shares of the Company at a price of INR 110 per equity share for an aggregate amount not exceeding INR 44 Crores.
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Sarla Performance Fibers Limited's board has approved a buyback of up to 40,00,000 fully paid equity shares (4.79% of total paid-up capital) at ₹110 per share, totaling up to ₹44 crore. The buyback represents 8.28% and 9.49% of standalone and consolidated free reserves respectively. The buyback will be executed via the tender offer route on a proportionate basis, excluding promoters who have confirmed they will not participate. A record date of May 15, 2026 has been fixed for determining shareholder eligibility. Small shareholders are reserved 15% of the buyback quota as per SEBI regulations.
The buyback offers shareholders an exit opportunity at ₹110 per share, potentially providing a floor price. Since promoters are excluded, minority shareholders can benefit from this buyback without dilution concerns from insider participation.