Rolex Rings Clears Debt, Announces INR180 Crore Buyback

Rolex Rings fully settled its Right of Recompense obligation, paying INR101 crores to lenders, clearing all legacy debt from its 2013 CDR.
FY26 revenue was flat at INR1,144 crores despite a 30% drop in US exports, offset by 25% growth in Europe and 50% domestic growth.
The Board approved a buyback of 1 crore shares at INR180 per share, totaling INR180 crores, with promoters not participating.
Management guided for 15-17% revenue growth in FY27, driven by US recovery, European momentum, and strong domestic demand.