The Board of the Sarla Performance Fibers Limited at its meeting held today (i.e., May 11, 2026), has inter-alia, considered and approved subject to such approvals of regulatory and/or ....
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 Sarla Performance Fibers Limited has approved a buyback of up to 40 lakh (4 million) equity shares at ₹110 per share, totaling up to ₹44 crore. This represents 4.79% of the company's total paid-up equity capital. The buyback will be conducted via a tender offer route, excluding promoters who have confirmed they will not participate. The record date has been fixed as May 15, 2026, to determine eligible shareholders. The buyback size is 8.28% and 9.49% of standalone and consolidated free reserves respectively as of March 31, 2026. Monarch Networth Capital Limited has been appointed as the manager to the buyback.
The buyback at ₹110 per share (with face value of ₹1) signals management confidence in the company's intrinsic value and provides an exit opportunity to non-promoter shareholders at a premium price.