Sarla Performance Fibers Limited has informed the Exchange regarding the Certified True copy of the Resolution passed by the Board of Directors of the Company at its meeting held on May 11, 2026, approving the buyback.
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Sarla Performance Fibers Limited's Board of Directors has approved a buyback of up to 40 lakh (40,00,000) fully paid-up equity shares at ₹110 per share. The total buyback amount is up to ₹44 crore, to be paid in cash. The buyback will be conducted on a proportionate basis through the tender offer route, in compliance with SEBI (Buy-Back of Securities) Regulations, 2018. The public announcement was published in Financial Express (English), Janasatta (Hindi), and Janadesh (Gujarati - regional language of registered office) on May 13, 2026. This is a standard regulatory filing confirming the board resolution and public announcement for the buyback.
The buyback provides shareholders with an opportunity to exit at ₹110 per share, which typically represents a premium to prevailing market prices. This enhances shareholder returns for those choosing to participate while reducing the company's share count.