Rolex Rings Ltd Board Approves Buyback of Equity Shares up to ₹ 180 Crores
Rolex Rings Ltd has approved the buyback of equity shares, a decision made by the Board of Directors during a meeting held on April 23, 2026. The company intends to acquire shares through a tender offer mechanism.The board approved the proposal to buy back equity shares for an amount not exceeding ₹ 180 Crores (Rupees One Hundred Eighty Crores only). The purchase will be executed at a buyback price of ₹ 180 (Rupees One Hundred Eighty only) per Equity Share, payable in cash.
The buyback involves the purchase of 1,00,00,000 fully paid-up equity shares of the company, which represents up to 3.67% of the total number of Equity Shares in the existing total paid-up Equity Share capital (on a standalone basis).
According to the company's statement, the Buyback Size does not exceed 25% of the aggregate of the total paid-up capital and free reserves (including security premium) of the company, based on the latest audited financial statements available as on March 31, 2025.
The buyback is structured to be made from all equity shareholders on a proportionate basis through the tender offer route. The company noted that the members of the promoter and promoter group have indicated they do not plan to participate in the proposed Buyback.
Pre-Buyback Shareholding Pattern
The company provided a detailed look at the pre-buyback shareholding pattern as of March 31, 2026:| Shareholder Category | Number of Shareholders | Number of Shares | % of Shareholding |
|---|---|---|---|
| Promoter and Promoter Group | 9 | 14,22,66,251 | 52.24 |
| Indian Financial Institutions | 11 | 41,00,532 | 1.51 |
| Mutual Funds | 14 | 7,83,13,297 | 28.76 |
| Indian Financial Institutions Sub Total | 25 | 8,24,13,829 | 30.27 |
| FII/ FPI | 33 | 1,63,60,109 | 6.01 |
| NRIs | 1,640 | 12,65,314 | 0.46 |
| FII/ FPI/ NRIs/Foreign Nationals Sub Total | 1,673 | 1,76,25,423 | 6.47 |
| Indian Public, Corporates and Others | 73,359 | 3,00,27,617 | 11.02 |
| Total | 75,066 | 27,23,33,120 | 100.00 |
The company confirmed that the post-buyback shareholding pattern will be ascertained after the completion of the buyback.
ROLEXRINGS Stock Price Movement
Today, Rolex Rings Limited shares edged higher, settling at ₹156.08, marking a 2.05% gain from its previous close. The stock found strong support in the market, trading on a significant volume of 33.73 million shares.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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