Orbit Exports Limited has announced a significant decision following its board meeting held on July 7, 2026. The company has approved a buyback of its fully paid-up equity shares at a price of ₹250 per share. The total amount allocated for this buyback is up to ₹27.60 crore (27,60,00,000), representing approximately 9.88% and 9.16% of the company's paid-up equity share capital and free reserves as of March 31, 2026. The buyback will involve up to 11,04,000 equity shares, which constitutes 4.16% of the total paid-up equity share capital as of March 31, 2026, and will be conducted through the "tender offer" route via the stock exchange mechanism. The company has fixed July 15, 2026, as the Record Date to determine the entitlement of shareholders for this buyback. Notably, the promoters and members of the Promoter Group have indicated they will not participate in this buyback. In addition to the buyback, the board also approved the appointment of Mr. Omprakash Jat as the new Company Secretary & Compliance Officer, effective July 7, 2026. Mr. Jat brings over 2 years of experience in corporate laws, secretarial compliances, and corporate governance. Saffron Capital Advisors Private Limited has been appointed as the Manager to the Buyback, and a dedicated Buyback Committee has been formed to oversee the process.
