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Rolex Rings surges as board to consider share buyback
21-Apr-2026 | 10:49
Shares of Rolex Rings surged 9.76% to Rs 153 after the company said its board will consider a share buyback proposal.
The company informed exchanges that its board will meet on 23 April 2026 to evaluate a buyback of fully paid-up equity shares.
As of March 2026, promoters held a 52.24% stake in the company.
Gujarat-based Rolex Rings is among the leading manufacturers of forged and machined components in India.
On a standalone basis, Rolex Rings' net profit surged 136.50% to Rs 47.75 crore while net sales rose 5.76% to Rs 274.84 crore in Q3 December 2025 over Q3 December 2024.
