Garware Technical Fibres Limited (GARFIBRES) — Corporate Action

📢 Key Event
Garware Technical Fibres Limited proposes a buyback of up to 1,617,500 shares at INR 680 per share.

🔄 What Changed
Buyback size capped at 1.63% of paid-up capital with INR 110 crore maximum consideration; record date set for May 20, 2026; tender period from May 26 to June 2, 2026; 15% reserved for small shareholders; funds sourced from cash reserves, not borrowings.

🔮 What's Next
Buyback settlement and payment by June 9, 2026; shares to be extinguished and destroyed; compliance with SEBI and Companies Act requirements; no borrowings permitted for the buyback.

💡 Investor Takeaway
The buyback returns surplus cash to shareholders, increases promoter stake, and improves financial ratios without affecting growth capacity.

Garware Technical Fibres Limited announced a buyback of up to 1,617,500 shares at INR 680 per share, representing 1.63% of paid-up capital, with an aggregate cost cap of INR 110 crore. The tender offer opens on May 26, 2026, and closes on June 2, 2026, following a record date of May 20, 2026. Shares will be accepted proportionally, with 15% reserved for small shareholders. Funds will be sourced from cash reserves and internal accruals, not borrowings. The buyback complies with SEBI regulations and the Companies Act, and requires statutory approvals. Settlement and payment will occur by June 9, 2026, with shares extinguished and destroyed post-settlement.

📄 View Original Announcement (PDF)

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