Orbit Exports Announces Buyback Corrigendum: Shares Held Revised and Maximum Purchase Limit Confirmed
Orbit Exports Limited has issued a Corrigendum to its Letter of Offer regarding the buyback of equity shares, updating key shareholding statistics and confirming the maximum permissible amount based on the company's financial standing. The corrigendum was published in several newspapers, including Financial Express, Jansatta, and Mumbai Lakshadeep.The Company initially planned a buyback of up to 11,04,000 fully paid-up equity shares at a price of ₹250 per share, with an aggregate amount not exceeding ₹27,60,00,000/-. The Corrigendum addresses updates to the shareholder base and the entitlement structure for the tender offer.
Key Updates in Shareholding Structure
The corrigendum specified several changes to the original Letter of Offer dated July 17, 2026. The total number of Equity Shares held was updated to 1,57,68,460, representing 59.48% of the company's equity shareholding.The entitlement structure for the buyback purchase is detailed as follows:
| Category of Shareholders | Ratio of Buyback (Indicative) |
|---|---|
| Reserved Category for Small Shareholders | 61 Equity Share for every 361 Equity Shares held on the Record Date |
| General Category for all other Eligible Shareholders | 11 Equity Shares for every 94 Equity Shares held on the Record Date |
The corrigendum noted that because the Promoters and Promoter Group of the Company intended not to participate in the buyback, any outstanding shares held by them were excluded from the entitlement ratio calculation. Accordingly, 1,65,600 Equity Shares are reserved for Small Shareholders, with a General Category comprising 9,38,400 Equity Shares.
Financial Basis for Buyback
The maximum amount permissible for the buy-back was determined based on the annual audited standalone and consolidated financial statements as of March 31, 2026. The calculation, in compliance with regulations, established a maximum cap for the purchase.Data regarding the capital structure and profitability is presented below:
| Particulars | Standalone (in Lakhs) | Consolidated (in Lakhs) |
|---|---|---|
| Paid-up Capital as at March 31, 2026 | 2,651.12 | 2,651.12 |
| Surplus in the statement of Profit & Loss Account | 25,206.02 | 27,421.91 |
| Security premium | 142.18 | 142.18 |
| Change in carrying amount of Asset/ Liability at fair value | (68.21) | (68.21) |
| Total Free Reserves | 25,279.99 | 27,495.88 |
| Total Paid-up Capital and Free Reserves as at March 31, 2026 | 27,931.11 | 30,147.00 |
| Maximum amount permissible for buyback (Lower of Standalone and Consolidated amounts) | 2,793.11 | 2,793.11 |
The Corrigendum confirms that all other information and terms outlined in the Letter of Offer dated July 17, 2026 remain unchanged.
ORBTEXP Stock Price Movement
Today, shares of Orbit Exports Limited slipped by 0.19%, settling at ₹220.31 after a subdued trading session. The stock hit an intraday low of ₹220.00 and saw limited activity with 3,497 shares traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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