Orbit Exports Limited Approves Buyback of Equity Shares at ₹250 Per Share
Orbit Exports Limited has announced plans for a share buyback, approving the purchase of up to 11,04,000 fully paid up Equity Shares. The initiative was approved by the Board of Directors during a meeting held on July 7, 2026.The company intends to conduct the acquisition through a tender offer route. Under the approval, the maximum Buyback Size is limited to 11,04,000 shares, representing 4.16% of the total paid up equity capital as of March 31, 2026. The face value of these Equity Shares is ₹ 10/- each, and the proposed buyback price is set at Rs. 250 per Equity Share.
The aggregate amount for this potential Buyback does not exceed ₹ 27,60,00,000/- (Rupees Twenty Seven Crore Sixty Lakh only).
Key details regarding the proposed share repurchase are outlined in the table below:
| Metric | Detail |
|---|---|
| Maximum Shares to be Bought Back | 11,04,000 shares |
| Face Value per Share | ₹ 10/- |
| Buyback Price | Rs. 250/- per share |
| Aggregate Buyback Size | Not exceeding ₹ 27,60,00,000/- |
The Board of Directors determined the buyback price after considering factors such as trends in volume weighted average prices on BSE and NSE, the company's net worth, price earnings ratio, impact on financial parameters, and possible effect on earnings per share.
The approved purchase price represents various premiums over recent market performance:
| Market Metric | Premium (BSE) | Premium (NSE) |
|---|---|---|
| Over 3 months preceding July 2, 2026 | 10.64% | 11.89% |
| Over 2 weeks preceding the Intimation Date | 0.71% | 3.04% |
| Over closing price on Intimation Date | 11.71% | 13.48% |
| Over closing price on Board Meeting date (July 7, 2026) | 9.82% | 10.27% |
The Buyback process is scheduled to commence with a Record Date set for July 15, 2026, allowing the company to implement the repurchase through the designated Stock Exchange mechanism. The Company confirmed that the funds for the buyback are earmarked from its current surplus and/or cash balances and will not be utilized from borrowed funds.
ORBTEXP Stock Price Movement
Today, Orbit Exports Limited shares rose to close at ₹231.78, climbing 2.62% in post-market trading. The company's equity saw a volume of 17,439 shares during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.