Intimation of May 15, 2026 as the record date for buy back of fully paid up Equity Shares of the Company.
SARLAPOLY · price
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Sarla Performance Fibers Limited's Board has approved a buyback of up to 40 lakh fully paid-up 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 the company's standalone and consolidated free reserves respectively as of March 31, 2026. The buyback will be conducted via the tender offer route on a proportionate basis, with 15% reserved for small shareholders. Promoters and promoter group (holding 57.11% stake) have confirmed they will not participate in the buyback. The record date for determining eligible shareholders is May 15, 2026.
The buyback offers shareholders a significant premium over the face value of ₹1 per share, providing an opportunity to exit at ₹110. Since promoters are excluded, minority shareholders have a better chance of tendering their shares. The buyback may provide short-term support to the stock price near the ₹110 level.