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Buyback Alert: Auto parts manufacturer stock surges 13% on first ever repurchase planWithin public shareholders, Mutual Funds of the country had a 28.7% stake, while over 71,000 retail investors, or those with authorized share capital of up to ₹2 lakh, had a 8.8% stake in Rolex Rings at the end of the March quarter.By Shloka Badkar   April 21, 2026, 12:11:54 PM IST (Published)2 Min ReadShares of Rolex Rings Ltd. gained nearly 13% on Tuesday, April 21, after the company said its board of directors will meet on Thursday to consider a buyback proposal.

The company, in an exchange filing on Monday, said the board of directors will consider the proposal for buyback of fully paid-up equity shares of the firm at its meeting.

This will be the first ever share buyback in the company's history. Apart from this buyback proposal, the Rolex Rings has only carried out one corporate action.

Prior to this, the company had conducted a stock split in October last year. It split one share having a face value of ₹10 into 10 shares carrying a face value of ₹1 each. This was also its first and last stock split. It has also never issued bonus shares or dividends to its shareholders.

At the end of the March quarter, promoters of Rolex Rings had a 52.2% stake in the company.

Within public shareholders, Mutual Funds of the country had a 28.7% stake, while over 71,000 retail investors, or those with authorized share capital of up to ₹2 lakh, had a 8.8% stake in the company at the end of the March quarter.

Shares of Rolex Rings are trading 12.6% higher on Tuesday at ₹157. The stock is trading above its split-adjusted IPO price of ₹90 per share. The stock has risen 39% in the last one month and is nearing its 52-week high of ₹166.

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