Rolex Rings has fixed July 3, 2026, as the record date for its proposed share buyback program.
The Indian manufacturer of forged and machined components plans to repurchase up to 10 million equity shares at a price of ₹180 each, totaling a maximum outlay of ₹180 crore.
The move comes as the company seeks to stabilize its stock price amid recent declines.
By setting a specific record date, Rolex Rings is moving from the approval phase to execution, signaling management's confidence in the current valuation and its intent to return capital to shareholders.
This development adds to a wave of corporate buyback activity in India.
Bajaj Auto recently confirmed its own massive ₹5,632.8 crore buyback program, which is set to commence on July 1 and close on July 7.