Rolex Rings proposes a ₹1.8 billion buyback of up to 10 million equity shares at ₹180 per share via tender offer route.
Promoters have expressed intention not to participate, and 15% of the offer is reserved for small shareholders as per SEBI regulations.
The remote e-voting period runs from May 2 to May 31, 2026, with results to be declared by June 2, 2026.
The buyback aims to improve return on equity by distributing surplus funds and represents 20.43% of adjusted capital and reserves.