Rolex Rings Issues Postal Ballot Notice for ₹180 Crore Buyback Approval

Rolex Rings Limited has issued a comprehensive postal ballot notice seeking shareholder approval for its previously announced ₹180 crore equity share buyback program. The company has established a detailed timeline for the approval process, with remote e-voting scheduled from May 2 to May 31, 2026.

Postal Ballot Process and Timeline

Rolex Rings dispatched the postal ballot notice on April 29, 2026, to all shareholders whose names appear on the register of members as of the cut-off date of April 24, 2026. The notice seeks approval for the buyback of up to 1 crore fully paid-up equity shares at ₹180 per share through the tender offer mechanism.

Timeline Parameter: Details Cut-off Date: April 24, 2026 Notice Date: April 29, 2026 E-voting Commencement: May 2, 2026 (9 AM IST) E-voting Closure: May 31, 2026 (5 PM IST) Results Declaration: On or before June 2, 2026 Event Number: 260222

Buyback Program Specifications

The board approved the buyback program during their meeting held on April 23, 2026, with specific parameters designed to ensure transparency and regulatory compliance. The program targets up to 1 crore fully paid-up equity shares, each with a face value of ₹1.

Parameter: Details Buyback Value: ₹180 crore Buyback Price: ₹180 per share Target Shares: 1,00,00,000 shares Percentage of Capital: 3.67% of paid-up capital Method: Tender Offer Board Meeting Date: April 23, 2026

Regulatory Framework and Approvals

The buyback program operates under Regulation 30 of SEBI LODR Regulations and complies with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The company has confirmed that the buyback size remains within the 25% limit of aggregate paid-up capital and free reserves based on audited financial statements as of March 31, 2025.

CS Purvi Dave, Practicing Company Secretary, has been appointed as the scrutinizer for conducting the postal ballot through the e-voting process. The implementation requires shareholder approval through a special resolution via postal ballot with remote e-voting.

Current Shareholding Structure

The pre-buyback shareholding pattern reveals a well-distributed ownership structure across various investor categories. The company's total paid-up capital stands at 27,23,33,120 equity shares as of March 31, 2026.

Shareholder Category: Number of Shares Percentage Promoter and Promoter Group: 14,22,66,251 52.24% Mutual Funds: 7,83,13,297 28.76% FII/FPI: 1,63,60,109 6.01% Indian Public and Others: 3,00,27,617 11.02%

Members of the promoter and promoter group have indicated their intention not to participate in the proposed buyback, ensuring maximum availability for public shareholders. The postal ballot notice is available on the company's website at www.rolexrings.com and will be communicated to BSE Limited and National Stock Exchange of India Limited upon completion.

Rolex rings Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended 31st March 2026, in accordance with SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the certificate under Regulation 74(5) of SEBI regulations to both BSE Limited and National Stock Exchange of India Limited on 07th April 2026. The filing was signed by Hardik Dhimantbhai Gandhi, Company Secretary & Compliance Officer.

Certificate Details

Parameter: Details Quarter Ended: 31st March 2026 Filing Date: 07th April 2026 Registrar: MUFG Intime India Private Limited Script Code (BSE): 543325 Script Symbol (NSE): ROLEXRINGS

Key Confirmations

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the Registrar and Share Transfer Agent, provided confirmation regarding securities handling during the quarter. The registrar confirmed that all securities received from depository participants for dematerialisation were processed according to prescribed timelines and regulatory requirements.

Quarter Activity Summary

A significant highlight of the quarter was the absence of any dematerialisation or rematerialisation requests. MUFG Intime India Private Limited specifically noted that during the quarter ended 31st March 2026, no demat/remat requests were received for processing.

Compliance Framework

The certificate ensures compliance with SEBI's regulatory framework for depositories and participants. The registrar confirmed that security certificates received were properly mutilated and cancelled after verification by depository participants, and that depositories' names were substituted in the register of members within prescribed timelines.

Corporate Information

Rolex Rings Limited, with CIN L28910GJ2003PLC041991, maintains its registered office at Gondal Road, Kotharia, Rajkot. The company continues to maintain its regulatory compliance through systematic quarterly filings with stock exchanges.

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