Orbit Exports Ltd

Business overview

• Orbit Exports manufactures value-added fabrics, including jacquards and fashion textiles.
• Serves apparel, home-furnishings, and occasion fabrics markets globally.

Operational highlights

• Q1 FY2026-27 revenue from operations rose 19.3% YoY to ₹7,515.15 Lakhs.
• EBITDA from operations rose 38% YoY to ₹2,679 Lakhs.
• Net Profit After Tax rose 75.8% YoY to ₹2,506.10 Lakhs.
• Basic EPS rose to ₹9.45 per share.
• Finance costs declined 16.1% YoY to ₹37.70 Lakhs.
• Interim dividend of ₹0.50 per share.
• Post-quarter buyback up to 11.04 lakh shares at ₹250 per share.

Financial performance

• Standalone revenue from operations: ₹7,515.15 Lakhs.
• Total Income: ₹8,734.36 Lakhs; Total Expenses: ₹5,515.52 Lakhs.
• PBT: ₹3,218.84 Lakhs; PAT: ₹2,506.10 Lakhs.
• EPS: ₹9.45.

Capital structure & liquidity

• Finance costs declined; balance sheet efficiency improving.
• Buyback reduces share count.

Outlook & risks

• US tariff relief improves order visibility for Indian exporters.
• India-UK FTA could expand preferential access over time.
• Middle East crisis weighs on logistics; volumes in the region remain volatile.

Buyback corrigendum details

• Corrigendum updates entitlement and Annexure A per Letter of Offer.
• Buyback size up to 11,04,000 equity shares at ₹250 each.
• Aggregate buyback amount up to ₹27.60 crore, excluding costs.
• Record date fixed at 15 July 2026.
• Tender opens 27 July 2026 and closes by 5:00 PM.
• Small shareholder entitlement reserved at 1,65,600; general category 9,38,400.
• Promoters/promoter group have not participated; entitlement adjusted accordingly.
• 10% of paid-up capital and free reserves is maximum buyback.
• Standalone cap ₹2,793.11 lakh; Consolidated cap ₹3,014.70 lakh.
• Board asserts responsibility for information; terms unchanged.

Key terms

• Buyback up to 11,04,000 shares, 4.16% of paid-up capital, at ₹250 per share.
• Aggregate buyback size up to ₹27.60 crore, excluding transaction costs.
• Within 10% cap of paid-up capital and free reserves.
• Promoters not participating; post-buyback promoter stake may rise to 68.92% if full acceptance.

Timelines and entitlement

• Record Date: 15-Jul-2026; window: 21-Jul to 27-Jul-2026.
• Tender closing: 27-Jul-2026 by 5:00 PM; settlement by 3-Aug-2026.
• Small shareholders: 15% reserved; entitlement 61:361; approx 16.90%.
• General category: 11:94; approx 11.70% entitlement; two-category governance.

Funding, escrow and impact

• Funds from free reserves or other permitted sources; no borrowings.
• Escrow with DBS Bank India ₹6.90 crore (25% of buyback size).
• 90% of escrow proceeds to shareholders on settlement; rest for compliance.
• Standalone net worth post-buyback ₹25,497.78 lakh; standalone EPS ₹12.26; BV ₹100.36.

Promoters, governance and approvals

• Promoters intend not to participate; post-acceptance promoter holding may reach 68.92%.
• Board approved buyback on 07-Jul-2026; approvals from SEBI/stock exchanges required.
• Registrar: MUFG Intime India Private Limited; Manager: Saffron Capital Advisors.
• Designated stock exchange: BSE; settlement via stock-exchange mechanism.

Tax and compliance notes

• Tax considerations note prepared by auditors; resident/non-resident treatment; consult tax advisor.
• TDS applicable for NR shareholders; DTAA considerations and regulatory filings required.
• Post-buyback reduction in paid-up capital and extinguishment of shares.

Dematerialisation processing and listing

• Dematerialisation requests received during the quarter ended 30 June 2026 were confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name updated as registered owner.

Buyback approval details

• Board approved buyback up to 11,04,000 equity shares at ₹250 per share.
• Aggregate value up to ₹27.6 crore.
• Buyback to be conducted via tender offer on stock exchanges, on a proportionate basis.
• Date of approval: 7 July 2026.
• Regulatory basis: Regulation 5(vii) SEBI Buyback Regulations.

Buy-back details

• Board approves buy-back of up to 11,04,000 shares at ₹250 each, ₹27.60 crore.
• Tender offer via stock-exchange mechanism; BSE designated; proportional basis.
• Funding from free reserves or securities premium; no borrowings.
• Max buy-back ₹27.60 crore; 9.88% standalone and 9.16% consolidated.
• 11,04,000 shares; 4.16% of total paid-up equity as on 31-Mar-2026.
• Promoter group holding 66.05% as on 07-Jul-2026; Directors & KMP 59.46%.
• Public shareholding to remain above minimum per SEBI LODR Regulation 38.
• PA published on 9-Jul-2026 in Financial Express, Jansatta, Mumbai Lakshadeep.
• Board approval on 07-Jul-2026; stock-exchange intimation on 02-Jul-2026; PA dated 09-Jul-2026.
• Acquisition window to be provided by exchanges; BSE designated.
• Manager to Buy-back: Saffron Capital Advisors; Registrar: MUFG Intime India Private Limited.
• Funds to be transferred from free reserves or securities premium to Capital Redemption Reserve.
• The buy-back will not result in delisting; minimum public shareholding maintained.
• Public Announcement available on Orbit Exports website and Manager's website.