Tanla Platforms Limited announced on June 16, 2025, that its Board of Directors approved a proposal for a share buyback.
- The company plans to buy back up to 20,00,000 fully paid-up equity shares, representing up to 1.49% of the total existing paid-up equity share capital.
- The buyback offer price is set at INR 875/- (Indian Rupee Eight Hundred and Seventy Five only) per equity share.
- The aggregate amount for the buyback will not exceed INR 175,00,00,000/- (Indian Rupee One Hundred and Seventy Five Crore only).
- This aggregate amount represents 24.81% and 7.78% of the aggregate paid-up equity share capital and free reserves of the company as per the audited financial statements as on March 31, 2025.
- The buyback will be conducted through a "tender offer" route on a proportionate basis to all eligible shareholders/beneficial owners as of the record date.
- The proposal is subject to the approval of shareholders by way of a special resolution through postal ballot.
- The promoters and promoter group have stated their intention not to participate in the proposed buyback.
- Ms. Seshanuradha Chava has been appointed as the compliance officer for the buyback, and Kotak Mahindra Capital Company Limited has been appointed as the Manager to the Buyback.