Rolex Rings board approved a ₹180 crore buyback of up to 1 crore shares at ₹180 per share via tender offer.
The buyback represents 3.67% of paid-up capital and requires shareholder approval via special resolution.
Promoter group indicated they will not participate in the buyback; pre-buyback holding is 52.24%.
Buyback size is within regulatory limits at under 25% of total paid-up capital and free reserves.