Orbit Exports Ltd to buy back up to 11.04 lakh shares for Rs 27.6 crore

What Orbit Exports announced

Orbit Exports Limited (BSE: 512626, NSE: ORBTEXP) filed a Letter of Offer with the stock exchanges on 17 July 2026, confirming its intention to repurchase up to 11.04 lakh fully‑paid equity shares. The shares represent 4.16% of the total paid‑up equity share capital. The buy‑back will be executed on a proportional basis through a tender offer at a fixed price of Rs 250 per share, amounting to a maximum cash outlay of Rs 27.60 crore (excluding transaction costs).

Buy‑back terms and schedule

The company’s Letter of Offer outlines the complete timeline:

• Record Date: Wednesday, 15 July 2026 – determines eligible shareholders and entitlement.
• Filing of Letter of Offer: Friday, 17 July 2026 (the date of this filing).
• Buy‑back Opening Date: Tuesday, 21 July 2026.
• Buy‑back Closing Date: Monday, 27 July 2026 – last day for tender submission.
• Last date for receipt of completed tender forms: Monday, 27 July 2026.
• Settlement of bids: Expected by Monday, 3 August 2026 (or earlier).

The Letter of Offer and tender forms were dispatched to eligible shareholders within two working days of the record date, as required by SEBI regulations. All relevant documents are made available on the company’s website (www.orbitexports.com) and on the portals of the managing advisors – Saffron Capital Advisors and MUFG Intime India.

Legal and regulatory framework

The buy‑back is being undertaken under Article 8.2 of the Articles of Association and Sections 68, 69, 70 and 179 of the Companies Act, 2013, together with the Securities and Exchange Board of India (Buy‑back of Securities) Regulations, 2018 and the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The offer is subject to all necessary approvals from SEBI, the National Stock Exchange, BSE, the Registrar of Companies, and the Reserve Bank of India, among others. No further approvals are pending for the offer to proceed, as the filing indicates compliance with all statutory requirements.

How shareholders can participate

Eligible shareholders—those recorded as owners on 15 July 2026—may tender their shares by completing the tender form attached to the Letter of Offer. The tender must be submitted to the Registrar (MUFG Intime India) by the closing date of 27 July 2026. Shares tendered will be bought at the fixed price of Rs 250 per share, and the cash consideration will be credited to the shareholders’ demat accounts after settlement on or before 3 August 2026. Shareholders are advised to consult their stockbroker or investment advisor for procedural guidance.

Key facts at a glance

Why this matters for investors

The buy‑back reduces the number of outstanding shares, which can improve earnings per share and return on equity if the company’s earnings remain stable. Because the offer size is limited to 4.16% of total equity, the dilution effect on existing shareholders is modest. The cash outflow of Rs 27.60 crore will be drawn from the company’s reserves or cash balances; the filing does not disclose the source of funds, but the amount is material relative to the firm’s capital base. The proportional tender mechanism ensures that all eligible shareholders have an equal opportunity to participate, preserving fairness.

Conclusion

Orbit Exports Limited has formally announced a share buy‑back of up to 11.04 lakh shares at Rs 250 each, with a total cash commitment of Rs 27.60 crore. The tender process runs from 21 to 27 July 2026, with settlement expected by 3 August 2026. The offer complies with SEBI buy‑back regulations and relevant company law provisions. Shareholders who wish to participate must submit tender forms by the closing date; otherwise, the un‑tendered portion of the offer will lapse.

"The buy‑back represents 4.16% of the total equity and is capped at Rs 27.60 crore, payable in cash."