Orbit Exports Limited is a weaving firm that was established in 1983. Orbit Exports has a global presence with extensive operations in the USA, Latin America, Africa, Europe, and the Far East. Orbit Exports works in various industries, from women’s clothing to holiday crafts and home furnishings, with additional interest in event-specific textiles and finished goods. The company’s products have always been completely original in terms of invention and production, and they still are.
Every three months, the business exports 2 million meters of fabric. The largest exporter of Christmas ribbons and manufactured goods from India is Orbit Exports.
The proposal to buy back up to 4,08,163 (Four Lakh Eight Thousand One Hundred and Sixty-Three only) fully paid-up equity shares of the company, each with a face value of Rs. 10/- (Rupees Ten only), has been approved by the board of directors.
The price per equity share will be Rs. 245 (Rupees Two Hundred and Forty-Five Only). As of November 18, 2022, that date will serve as the “Record Date” for determining equity owners’ eligibility for the Company’s buyback offer as well as their names.
Orbit exports Limited Buyback Details
| Buyback Dates | Coming soon |
| Orbit Exports Buyback Price | INR 245 per share |
| Buyback Offer Size (Shares) | 4,08,163 shares |
| Buyback offer as % of total shares | 1.49% |
| Buyback Offer Size (Amount) | INR 10 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Orbit exports Limited Buyback Dates
| Board Meeting for Buyback Proposal | 04 November 2022 |
| Buyback Approval Date | 04 November2022 |
| Public Announcement of Buyback | 09 November2022 |
| Orbit Exports Buyback Record Date | 18 November2022 |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
Orbit Export Limited Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 226.16 | 73.07 | 2.38 |
| 31-Mar-22 | 279.09 | 131.17 | 17.8 |
Company Contact Information
Orbit Exports Limited
122, 2nd Floor, Mistry Bhavan,
Dinshaw Wachcha Road,
Churchgate, Mumbai – 400020,
Phone: +91-22-6625 6262
Email: reception@orbitexports.com
Website: http://orbitexports.com/
