Rolex Rings Announces Share Buyback at ₹180 Per Equity Share; Sets Maximum Offer Size of 10 Million Shares

Rolex Rings Announces Share Buyback at ₹180 Per Equity Share; Sets Maximum Offer Size of 10 Million Shares​

Rolex Rings Limited has announced plans for a share buyback initiative, targeting up to 10 million fully paid-up equity shares. The company set the buyback price at ₹180/- per Equity Share and designated an aggregate maximum offer size of up to ₹1,800.00 million (Rupees One Thousand Eight Hundred million only).

The proposal for the buyback was approved by the Board of Directors on April 23, 2026. The company subsequently received shareholder approval via a Special Resolution passed through Postal Ballot on June 02, 2026. The buyback will be executed on a proportionate basis using the Tender Offer route through the stock exchange mechanism, with payment to participating shareholders being made entirely in cash.

The determined Buyback Price of ₹180/- was set after considering several factors including the net worth of the company, price earnings ratio, and various financial parameters. The price represented a premium of 41.97% over the volume weighted average market price (VWAP) on the NSE for the 60 trading days preceding the board meeting, and 40.41% over the VWAP on the NSE for the 10 trading days prior to the intimation to Stock Exchanges. The closing market price of the Equity Shares on April 17, 2026, was noted at ₹ 136.35 (NSE) and ₹ 136.10 (BSE).

The company stated that the buyback offer aims to return surplus funds to its equity shareholders, which are above the company's capital requirements and current investment plans. This initiative is intended to enhance the overall return to shareholders and improve financial ratios such as earnings per share and return on equity by reducing the existing equity base.

Key details of the proposed Buyback are summarized below:


The Board confirmed that it has conducted a thorough inquiry into the company's affairs and prospects, stating that there are no grounds under which the company would be unable to pay its debts immediately following the approval of the buyback. Furthermore, the directors formed an opinion that the company will not be rendered insolvent within a period of one year from the Board meeting date or the declaration of postal ballot results.

The implementation of the Buyback involves several specialized parties. Equirus Capital Limited has been appointed as the Manager for the transaction, while Crawford Bayley & Co. serves as Solicitors and MUFG Intime India Private Limited is the designated Registrar. The company has also formed a Buyback Committee comprising Manesh Dayashankar Madeka (Chairman & Managing Director), Mihir Rupeshkumar Madeka (Whole time Director), and Ashit Ravishankar Vankani (Director).

The company ensured that all relevant protocols were met, including the commitment to reserve at least 15% of the proposed buyback quantity for Small Shareholders, ensuring a proportionate distribution. The offering is designed such that it will not result in delisting the Equity Shares from stock exchanges and clarified that the consideration for the buyback will be paid exclusively in cash.

ROLEXRINGS Stock Price Movement​

Rolex Rings Limited shed value today, closing at ₹136.14 after slipping 1.28% from previous close. The equity saw a volume of 2.30 million shares during the session.