Sarla Performance Fibers Limited has informed the Exchange that Record date for the purpose of Buyback is 15-May-2026.
SARLAPOLY · price
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On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 3.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors has approved a buyback of up to 40,00,000 equity shares (4.79% of total paid-up capital) at ₹110 per share, aggregating up to ₹44 crores. This represents 8.28% of standalone and 9.49% of consolidated free reserves as of March 31, 2026. The buyback will be conducted via a tender offer route, with promoters and promoter group excluded from participation. Promoters have confirmed they will not participate. A 15% reservation has been made for small shareholders as per SEBI regulations. The record date for determining eligible shareholders is May 15, 2026.
The buyback at ₹110 per share provides a direct return to shareholders at that price. With promoters excluded, the benefit flows to public shareholders. The stock could see positive movement due to this signal.