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 ....
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The Board of Sarla Performance Fibers Limited has approved a buyback of up to 40 lakh fully paid-up equity shares (4.79% of total paid-up capital) at ₹110 per share, totaling up to ₹44 crore. The buyback represents 8.28% and 9.49% of standalone and consolidated free reserves respectively. Promoters holding 57.11% stake have confirmed they will not participate in the buyback. The record date for determining shareholder eligibility is fixed as May 15, 2026. The buyback will be executed via the tender offer route, with 15% reservation for small shareholders.
The buyback at ₹110 per share signals management confidence and provides a floor price to minority shareholders. Excluding promoters increases the relative benefit to public shareholders. The ₹44 crore outflow may improve per-share metrics for remaining shareholders.