Orbit Exports approves ₹27.60 crore buyback at ₹250 per share
Orbit Exports Limited approved a buyback of 11,04,000 equity shares at ₹250 per share, totaling ₹27.60 crore, via a tender offer. The buyback represents 4.16% of the total paid-up equity capital and is funded through internal resources. The board appointed a Buyback Committee and designated Saffron Capital Advisors Private Limited as the Manager to the Buyback, with July 15, 2026, set as the record date.
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Orbit Exports Limited has approved a buyback of 11,04,000 fully paid-up equity shares at a price of ₹250 per share, aggregating to ₹27.60 crore. The board approved the proposal through the tender offer route on July 7, 2026, representing 4.16% of the company's total paid-up equity share capital. This capital return initiative amounts to 9.88% and 9.16% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated financial statements as at March 31, 2026.
The buyback price represents a premium of 10.64% and 11.89% over the volume weighted average market price on BSE and NSE, respectively, during the three months preceding July 2, 2026. The company has earmarked adequate resources from its current surplus and cash balances for the purpose, ensuring no borrowed funds are utilized.
Buyback Committee and Appointments
The board constituted a Buyback Committee comprising Mr. Pankaj Seth (Chairman), Mr. Parth Seth (Member), Mr. Rahul Tiwari (Member), and Mr. Omprakash Jat (Secretary). The committee has been delegated powers to oversee the implementation, including finalizing the schedule and appointing intermediaries. Saffron Capital Advisors Private Limited has been appointed as the Manager to the Buyback, while MUG Intime India Private Limited will act as the Registrar. DBS Bank India Limited has been appointed as the Escrow Agent, and BSE Limited is the Designated Stock Exchange.
Buyback Details
The following table summarises the key parameters of the approved buyback:
| Parameter: | Details |
|---|---|
| Number of Shares: | 11,04,000 equity shares |
| Percentage of Equity: | 4.16% |
| Buyback Price: | ₹250 per share |
| Aggregate Amount: | ₹27,60,00,000 (excluding expenses) |
| Buyback Method: | Tender Offer |
| Record Date: | July 15, 2026 |
| Manager to Buyback: | Saffron Capital Advisors Private Limited |
Pursuant to Regulation 42 of the Listing Regulations, the company has fixed July 15, 2026, as the record date to determine the eligibility of shareholders. The promoters and members of the promoter group have stated they will not participate in the proposed buyback. The board noted that it retains the right to increase the buyback price and decrease the number of shares one working day prior to the record date, provided the total buyback size remains unchanged.
Historical Stock Returns for Orbit Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.47% | +4.71% | +6.38% | +26.86% | +6.28% | +216.66% |
How will the reduction of 4.16% in equity share capital impact Orbit Exports' earnings per share (EPS) and return on equity (ROE) in the coming fiscal year?
What strategic growth initiatives or capital allocation plans does the company intend to pursue with the remaining cash reserves post-buyback?
How might the market react to the 11% premium offered over the average market price, and will this trigger a re-rating of the stock?
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