Sarla Performance Fibers Limited has informed the Exchange regarding Outcome of Board Meeting held on May 11, 2026.
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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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Sarla Performance Fibers Limited's Board approved a buyback of up to 40 lakh equity shares (4.79% of paid-up capital) at ₹110 per share, totaling up to ₹44 crore (8.28% of standalone and 9.49% of consolidated free reserves as of March 31, 2026). The buyback will be executed via a tender offer route, open to all equity shareholders excluding promoters and the promoter group, who have confirmed they will not participate. The record date is fixed as May 15, 2026. Monarch Networth Capital Limited has been appointed as the manager to the buyback. Post-buyback shareholding details will be disclosed after completion. The Board meeting lasted approximately 70 minutes (2:48 PM to 3:58 PM).
The buyback price of ₹110 represents a significant premium to likely market price, signaling management confidence and providing an attractive exit opportunity for eligible shareholders at a substantial premium.