BSE has announced the opening of the Offer to Buy (Acquisition Window) for Sarla Performance Fibers Limited’s buyback of up to 40,00,000 (Forty Lakh) fully paid-up equity shares at Rs.110 per share through the tender offer route. The buyback window is open from Thursday, May 21, 2026, to Wednesday, May 27, 2026. The total buyback size is up to Rs.44,00,00,000 (Rs.44 Crore), representing approximately 4.79% of the company’s total outstanding equity shares.

Key Points

• Buyback of up to 40,00,000 equity shares (face value Rs.1 each) at Rs.110 per share via tender offer route
• Total buyback size: up to Rs.44 Crore (excluding transaction costs)
• Buyback represents ~4.79% of total outstanding equity shares of the company
• Record date for eligible shareholders: Friday, May 15, 2026
• Offer is on a proportionate basis to all equity shareholders/beneficial owners as on the record date
• Buyback constitutes 8.28% (standalone) and 9.49% (consolidated) of aggregate paid-up equity capital and free reserves as per audited financials at March 31, 2026
• Within the statutory 10% board approval route limit under Section 68 of the Companies Act and SEBI Buyback Regulations
• Letter of Offer is attached to the circular

Regulatory Changes

No new regulatory changes introduced. The offer is governed by the existing SEBI framework:

• SEBI circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015
• SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated December 9, 2016
• BSE revised guidelines vide notices: 20170210-16, 20190424-35, 20200528-32, 20201102-43, and 20210825-62

Compliance Requirements

• Trading members and custodians must note the acquisition window dates and facilitate eligible client participation
• Offer details are available on the BSE website (www.bseindia.com)
• Market participants must follow SEBI’s revised mechanism for acquisition of shares through stock exchange under tender offers
• The offer must be conducted as per SEBI circular CFD/DCR2/CIR/P/2016/131 and BSE notice 20170210-16 and 20190424-35

Important Dates

• Record Date: Friday, May 15, 2026 (eligibility cut-off for shareholders)
• Offer Opens: Thursday, May 21, 2026
• Offer Closes: Wednesday, May 27, 2026
• Notice Date: May 19, 2026

Impact Assessment

This buyback is directly relevant to existing shareholders and beneficial owners of Sarla Performance Fibers Limited as of the May 15, 2026 record date. The offer price of Rs.110 per share provides a potential exit or partial liquidity opportunity for eligible investors. The buyback is conducted within statutory limits (under 10% of paid-up capital and free reserves via board approval route), indicating regulatory compliance. Trading members and custodians need to process tender instructions from eligible clients within the tight 5-business-day window (May 21–27, 2026). The offer size of Rs.44 Crore is modest relative to large-cap standards but significant for this mid/small-cap company.