Sarla Performance Fibers Limited has informed the Exchange about Submission of Letter of Offer pertaining to buyback of up to 40,00,000 fully paid-up equity shares having a facevalue of ₹1/- (Rupees One only) each ( Equity Shares ) at a price of ₹ 110/- (Rupees One Hundred and Ten only) per Equity Share payable in cash for an aggregate amount not exceeding ₹ 44,00,00,000/- (Rupees Forty Four Crore only) on a proportionate basis through tender offer route ( Buyback ), pursuant to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended ( Buyback Regulations )
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.1 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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Sarla Performance Fibers Limited has submitted its Letter of Offer for a buyback of up to 40 lakh equity shares (approximately 4.79% of outstanding shares) at ₹110 per share in cash, totaling up to ₹44 crore. The buyback will occur through the tender offer route on a proportionate basis, with a record date of May 15, 2026. Shareholders will be entitled to sell 1 share for every 9 shares held, with 15% of the buyback reserved for small shareholders. The buyback size represents 8.28% and 9.49% of standalone and consolidated free reserves respectively, within the statutory 10% limit. The offer opens on May 21, 2026 and closes on May 27, 2026. Promoters have confirmed they will not participate in the buyback.
The buyback offers shareholders a premium exit opportunity at ₹110 per share. This return of capital to shareholders may provide short-term positive sentiment, though the stock may face supply pressure as shares are bought back and extinguished, reducing the total float.