Rolex Rings Limited has published its Post-Buyback Public Announcement confirming the successful completion of its buyback of 10,000,000 (Ten Million) fully paid-up equity shares of face value ₹1/- each, at a price of ₹180.00 per equity share through the tender offer route. The total consideration deployed in the buyback amounts to ₹1,800.00 million, excluding transaction costs, representing 20.43% of the aggregate of fully paid-up equity share capital and free reserves as per the audited financial statements of the Company as on March 31, 2025. The Post-Buyback Public Announcement dated July 23, 2026 was published on July 24, 2026 in Financial Express (English, All editions), Jansatta (Hindi, All editions), and Financial Express (Gujarati, Ahmedabad edition).

Buyback Overview

The buyback was undertaken via the stock exchange mechanism under the SEBI (Buy-Back of Securities) Regulations, 2018, with BSE Limited serving as the designated stock exchange. The offer was open to all eligible shareholders as on the record date of July 03, 2026, on a proportionate basis. The buyback represented 3.67% of the total number of equity shares in the paid-up equity capital of the Company and is within the statutory limit of 25% of the fully paid-up equity share capital and free reserves (including securities premium account) based on audited financial statements as on March 31, 2025.

Subscription and Settlement Details

The buyback received a strong response from shareholders, with the offer oversubscribed approximately 5.71 times. The registrar considered a total of 21,652 valid bids for 57,118,279 equity shares. The category-wise breakdown of valid bids is as follows:

Settlement of all valid bids was completed by Indian Clearing Corporation Limited and NSE Clearing Limited (formerly National Securities Clearing Corporation Limited) on July 22, 2026. The Clearing Corporations made direct funds pay-out to eligible shareholders whose shares were accepted under the buyback. Equity shares accepted under the buyback were transferred to the Company's Demat Account on July 22, 2026, and unaccepted Demat shares were unblocked in the respective eligible shareholders' accounts on the same date. No physical shares were tendered in the buyback. The extinguishment of the 10,000,000 equity shares accepted in dematerialised form is currently under process and is expected to be completed on or before July 31, 2026.

Capital Structure: Pre and Post Buyback

The buyback results in a reduction of the company's issued, subscribed and fully paid-up share capital. The authorised share capital remains unchanged at ₹560,000,000. The table below sets out the capital structure as on the record date of July 03, 2026:

Post-Buyback figures are subject to extinguishment of 10,000,000 Equity Shares accepted in the Buyback.

Shareholding Pattern Post Buyback

As a result of the buyback, the promoter and promoter group's stake is set to increase from 52.24% to 54.23% of the post-buyback equity share capital. The overall shareholding pattern pre and post buyback is as follows:

Pre-Buyback figures are as on Record Date i.e. July 03, 2026. Post-Buyback figures are subject to extinguishment of 10,000,000 Equity Shares accepted in the Buyback.

Key Institutional Shareholders Who Tendered Shares

Among the eligible shareholders from whom equity shares exceeding 1% of the total equity shares bought back were accepted, the following were notable participants:

• ICICI Prudential Flexicap Fund: 5,91,343 shares accepted (5.91% of total buyback)
• Kotak Small Cap Fund: 9,32,260 shares accepted (9.32% of total buyback)
• Axis Small Cap Fund: 10,71,982 shares accepted (10.72% of total buyback)
• Kotak Funds - India Midcap Fund: 7,72,027 shares accepted (7.72% of total buyback)
• DSP Small Cap Fund: 6,62,639 shares accepted (6.63% of total buyback)
• Franklin India Small Cap Fund: 6,62,444 shares accepted (6.62% of total buyback)
• Canara Robeco Small Cap Fund: 4,54,978 shares accepted (4.55% of total buyback)
• HDFC Mutual Fund - HDFC Childrens Fund: 3,86,767 shares accepted (3.87% of total buyback)

The Board of Directors, through the Buyback Committee, has accepted full responsibility for the information contained in the Post-Buyback Public Advertisement, confirming it contains true, factual and material information, as per Regulation 24(i)(a) of the SEBI Buyback Regulations. The advertisement was issued pursuant to a resolution passed at the Buyback Committee meeting held on July 23, 2026, and signed by Chairman and Managing Director Manesh Dayashankar Madeka and Whole-time Director Mihir Rupeshkumar Madeka, at Rajkot.

Rolex Rings Limited has commenced its buyback offer to repurchase up to 10,000,000 fully paid-up equity shares at a price of ₹180 per share, aggregating to ₹1,800 million. The offer, which represents 3.67% of the company's total paid-up equity share capital, is being conducted on a proportionate basis through the tender offer route. The buyback price represents a premium of 41.97% over the volume weighted average market price on the NSE for the 60 trading days preceding the board meeting intimation.

The Board of Directors approved the proposal on April 23, 2026, and shareholders subsequently approved it via postal ballot. The company has fixed Friday, July 3, 2026, as the record date to determine shareholder eligibility. The buyback opens on Thursday, July 9, 2026, and closes on Wednesday, July 15, 2026. The settlement of bids is scheduled for July 22, 2026.

The company dispatched the Letter of Offer and Tender Form dated July 5, 2026, to eligible shareholders on July 7, 2026. Shareholders with registered email IDs received the documents electronically, while those without received physical copies via speed post. A newspaper advertisement regarding the dispatch was published in the Financial Express (English and Gujarati editions) and Jansatta (Hindi) on July 7 and July 8, 2026.

Buyback Details

The buyback size represents 20.43% of the aggregate of the company's fully paid-up equity share capital and free reserves as per the audited financial statements as on March 31, 2025. The funds for the buyback will be sourced from the company's free reserves and internal resources, and borrowed funds will not be utilized. The company has appointed Equirus Capital Limited as the Manager to the Buyback and MUFG Intime India Private Limited as the Registrar.

Eligible Shareholders are divided into two categories: Small Shareholders and the General Category. The entitlement ratio for the Reserved category for Small Shareholders is 26 equity shares for every 327 equity shares held on the Record Date. For the General category, the ratio is 12 equity shares for every 157 equity shares held on the Record Date. The Promoter and Promoter Group have expressed their intention not to participate in the buyback. The offer is subject to the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.