Sarla Performance Fibers Board Approves ₹44 Crore Buyback at ₹110 Per Share

Sarla Performance Fibers has announced that its Board of Directors, at its meeting held on Monday, May 11, 2026, has approved a proposal to buy back up to 40,00,000 (Forty Lakh) fully paid-up equity shares, each with a face value of ₹1 (Rupee one only), at a price of ₹110 per equity share, for an aggregate amount of up to ₹44,00,00,000 (Rupees Forty Four Crores only). The buyback represents up to 4.79% of the total number of equity shares in the paid-up equity share capital of the company. The Buyback Size constitutes 8.28% and 9.49% of the aggregate of the total paid-up equity share capital and free reserves (including securities premium) as per the latest audited standalone and consolidated financial statements of the company as at March 31, 2026, respectively. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Buyback Structure and Key Details

The buyback is proposed to be made from all equity shareholders and beneficial owners, excluding promoters and members of the promoter group, on a proportionate basis through the "tender offer" route. The board has noted the intention of the promoters and members of the promoter group not to participate in the proposed buyback. At least 15% (fifteen percent) of the number of equity shares proposed to be bought back, or the number of equity shares entitled as per the shareholding of small shareholders as on the record date — whichever is higher — shall be reserved for small shareholders, as prescribed under the SEBI Buyback Regulations. The buyback will be conducted in accordance with the SEBI (Buy-Back of Securities) Regulations, 2018, as amended, and the Companies Act, 2013.

The following table summarises the key parameters of the approved buyback:

Parameter: Details Number of Shares for Buyback: Up to 40,00,000 fully paid-up equity shares Buyback as % of Paid-up Capital: Up to 4.79% Buyback Offer Price: ₹110 per equity share Aggregate Buyback Size: Up to ₹44,00,00,000 (₹44 Crores) Buyback Size (Standalone): 8.28% of paid-up capital and free reserves Buyback Size (Consolidated): 9.49% of paid-up capital and free reserves Buyback Method: Tender Offer Route Record Date: May 15, 2026 Face Value per Share: ₹1 (Rupee one only) Promoter Participation: Excluded

Record Date and Corporate Governance

In accordance with Regulation 42(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 9(i) of the Buyback Regulations, the company has fixed Friday, May 15, 2026 as the record date for determining the entitlement and the names of equity shareholders eligible to participate in the buyback. The board or the Buyback Committee may, 1 (one) working day prior to the Record Date, increase the Buyback Offer Price and decrease the number of equity shares proposed to be bought back, such that there is no change in the Maximum Buyback Offer Size, in terms of Regulation 5(via) of the SEBI Buyback Regulations. The board also approved the formation of a Buyback Committee, delegating powers to execute all acts, deeds, and matters necessary in connection with the buyback. The public announcement and other documents relating to the buyback, including process details, timelines, and other requisite information, will be released in due course.

Mr. Mustafa Yusuf Manasawala, Company Secretary & Compliance Officer, has been appointed as the Compliance Officer for the purpose of the buyback. Monarch Networth Capital Limited, a SEBI-registered Merchant Banker, has been appointed as the Manager to the Buyback. The board meeting commenced at 02:48 PM and concluded at 03:58 PM.

Pre-Buyback Shareholding Pattern

The pre-buyback shareholding pattern of the company as on March 31, 2026 is as follows:

Shareholder Category: Number of Shareholders Number of Shares % Shareholding Promoter and Promoter Group: 11 4,76,87,207 57.11% Alternate Investment Funds: 2 7,49,902 0.90% Foreign Portfolio Investors Category I: 2 6,51,594 0.78% Central Government / President of India: 1 375 0.00% Investor Education and Protection Fund (IEPF): 1 9,00,986 1.08% Resident Individuals (up to ₹2 lakhs): 33,830 1,85,69,749 22.24% Resident Individuals (excess of ₹2 lakhs): 12 78,05,346 9.35% Non-Resident Indians (NRIs): 545 15,03,503 1.80% Bodies Corporate: 104 12,20,515 1.46% Others: 672 44,13,823 5.29% Total: 35,180 8,35,03,000 100.00%

Trading Window Closure

In connection with the proposed corporate action, Sarla Performance Fibers had previously notified the closure of the trading window for Designated Persons and their immediate relatives effective April 01, 2026, with reopening scheduled 48 hours after the conclusion of the board meeting, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for Prohibition of Insider Trading.

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