Orbit Exports Limited has issued a corrigendum to the Letter of Offer dated July 17, 2026, for its buyback of up to 11,04,000 fully paid-up equity shares at a price of ₹250 per share, aggregating to ₹27.6 crore. The corrigendum, published on July 20, 2026, revises specific details regarding public shareholding and the allocation of shares for small shareholders while confirming that all other terms of the original offer remain valid. The buyback is being undertaken to return surplus funds to shareholders and is open to those on the record date of July 15, 2026.

The company has updated the total number of equity shares held by the public to 1,57,68,460, representing 59.48% of the shareholding. Consequently, the buyback entitlement ratios have been adjusted. The Reserved Category for Small Shareholders will now consist of 1,65,600 equity shares, while the General Category will comprise 9,38,400 equity shares. The indicative entitlement ratio for the General Category is 11 equity shares for every 94 equity shares held.

Financial Position

The corrigendum includes an updated Annexure A detailing the company's financial position as of March 31, 2026. The maximum amount permissible for the buyback, calculated as 10% of the total paid-up capital and free reserves, stands at ₹2,793.11 lakh based on standalone financial statements.

Key Appointments and Process

Saffron Capital Advisors Private Limited continues to act as the Manager to the Buyback, and MUFG Intime India Private Limited is the Registrar. The Promoter and Promoter Group have confirmed they will not participate in the buyback. The offer opens on July 21, 2026, and closes on July 27, 2026, with settlement scheduled for August 3, 2026.

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:

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.