Public Announcement of Buyback of shares - Newspaper Publication
SARLAPOLY · price
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Sarla Performance Fibers Ltd has announced a share buyback of up to 40 lakh equity shares at ₹110 per share, totaling up to ₹44 crore. The buyback was approved by the Board of Directors on May 11, 2026, and the public announcement was published on May 13, 2026 in three newspapers (Financial Express in English, Janasatta in Hindi, and Janadesh in Gujarati). The buyback will be executed through the tender offer route on a proportionate basis, in compliance with SEBI Buy-Back Regulations, 2018. The offer price of ₹110 per share represents a significant premium to the face value of ₹1.
The buyback signals management confidence in the company's prospects and provides an opportunity for shareholders to exit at a premium. It will reduce the number of outstanding shares and potentially support the stock price.