Sarla Performance Fibers Limited has informed the Exchange about Copy of Public Announcement published in Newspaper
SARLAPOLY · price
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Sarla Performance Fibers Limited has announced a share buyback of up to 40 lakh (4 million) 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 will be executed via the tender offer route on a proportionate basis. The public announcement was published on May 13, 2026 in Financial Express (English), Janasatta (Hindi), and Janadesh (Gujarati). The buyback is being conducted in compliance with SEBI (Buy-Back of Securities) Regulations, 2018. Shares have a face value of ₹1 each.
The buyback at ₹110 per share represents a premium to current market prices, providing immediate value to participating shareholders. This signals management confidence and indicates the company has sufficient cash reserves.