Rolex Rings Limited has announced a comprehensive equity share buyback program worth ₹180 crore, with the board of directors providing detailed specifications for the corporate action. The buyback will be executed at ₹180 per share through the tender offer mechanism, demonstrating the company's strategic approach to capital allocation and shareholder value enhancement.

Buyback Program Specifications

Rolex Rings board approved the buyback program during their meeting held on April 23, 2026, with specific parameters designed to ensure transparency and regulatory compliance. The program targets up to 1 crore fully paid-up equity shares, each with a face value of ₹1.

Regulatory Framework and Approvals

The buyback program operates under Regulation 30 of SEBI LODR Regulations and complies with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The company has confirmed that the buyback size remains within the 25% limit of aggregate paid-up capital and free reserves based on audited financial statements as of March 31, 2025.

The implementation requires shareholder approval through a special resolution via postal ballot with remote e-voting. Members of the promoter and promoter group have indicated their intention not to participate in the proposed buyback, ensuring maximum availability for public shareholders.

Current Shareholding Structure

The pre-buyback shareholding pattern reveals a well-distributed ownership structure across various investor categories. The company's total paid-up capital stands at 27,23,33,120 equity shares as of March 31, 2026.

Implementation Timeline

The company has established a dedicated committee to oversee the buyback implementation and handle all related statutory requirements. The board meeting commenced at 4:40 PM IST and concluded at 5:10 PM IST on April 23, 2026, with comprehensive documentation filed under reference RolexRings/Reg30/BM-Outcome/1.

Detailed public announcements, letter of offer, and other statutory documents will be released in due course, providing shareholders with complete information regarding record dates, timelines, and participation procedures for the tender offer process.

Rolex rings Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended 31st March 2026, in accordance with SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the certificate under Regulation 74(5) of SEBI regulations to both BSE Limited and National Stock Exchange of India Limited on 07th April 2026. The filing was signed by Hardik Dhimantbhai Gandhi, Company Secretary & Compliance Officer.

Certificate Details

Key Confirmations

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the Registrar and Share Transfer Agent, provided confirmation regarding securities handling during the quarter. The registrar confirmed that all securities received from depository participants for dematerialisation were processed according to prescribed timelines and regulatory requirements.

Quarter Activity Summary

A significant highlight of the quarter was the absence of any dematerialisation or rematerialisation requests. MUFG Intime India Private Limited specifically noted that during the quarter ended 31st March 2026, no demat/remat requests were received for processing.

Compliance Framework

The certificate ensures compliance with SEBI's regulatory framework for depositories and participants. The registrar confirmed that security certificates received were properly mutilated and cancelled after verification by depository participants, and that depositories' names were substituted in the register of members within prescribed timelines.

Corporate Information

Rolex Rings Limited, with CIN L28910GJ2003PLC041991, maintains its registered office at Gondal Road, Kotharia, Rajkot. The company continues to maintain its regulatory compliance through systematic quarterly filings with stock exchanges.