Tanla Platforms Approves ₹175 Crore Buyback at ₹875 Per Share

Tanla Platforms Limited has announced a buyback of up to 20,00,000 fully paid-up equity shares at a price of ₹875 per share, for an aggregate amount not exceeding ₹175 crore. The buyback, approved by the shareholders on July 16, 2025, will be executed on a proportionate basis through the tender offer process.

Buyback DetailsParticulars

Details

Buyback Size

₹175 CroreBuyback Price

₹875 per shareNumber of Shares

20,00,000 Equity SharesFace Value

₹1 per shareMethod

Tender Offer

Buyback DetailsThe buyback offer represents approximately 1.49% of the total number of equity shares in the existing total paid-up equity share capital of the Company. The Buyback Offer Price represents premium of 40.53 % and 40.62% over the closing price of the Equity Shares on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE” and together with NSE, the “Stock Exchanges”), respectively on June 11, 2025 being the date when intimation for the Board meeting was sent to NSE and BSE. The buyback offer size represents 24.81 % and 7.78% of the aggregate of the Company's paid-up capital and free reserves as per the latest available standalone and consolidated audited financials of the Company for the year ended as on March 31, 2025, respectively.Shareholder Approval and ComplianceThe buyback is in compliance with Sections 68, 69, 70, 108 and 110 of the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended. It is subject to necessary approvals from regulatory authorities, including SEBI and RBI.Buyback PeriodThe buyback period will commence from the date of declaration of results of the postal ballot for special resolution until the last date on which the payment of consideration for the Equity Shares bought back by the Company is made.Source of FundsThe Company shall not use borrowed funds, directly or indirectly, whether secured or unsecured, of any form and nature, from banks and financial institutions for paying the consideration to the equity shareholders who have tendered their Equity Shares in the Buyback. The funds for the implementation of the proposed Buyback will be sourced out of the free reserves of the Company (including securities premium account) or such other source as may be permitted by the SEBI Buyback Regulations and the Companies Act.Eligibility and ParticipationAll equity shareholders/ beneficial owners of the Equity Shares will be eligible to participate in the Buyback who hold Equity Shares as on the Record Date except any shareholders who may be specifically prohibited under the applicable laws by Appropriate Authorities. 15% of the number of Equity Shares which the Company proposes to Buyback or number of Equity Shares entitled as per the shareholding of small shareholders as defined in the SEBI Buyback Regulations as on the Record Date, whichever is higher, shall be reserved for the Small Shareholders and in case Equity Shares tendered are less than the reservation, the same shall be adjusted in the general category, in accordance with the SEBI Buyback Regulations.Implementation MechanismThe Company shall implement the Buyback using the “Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting" notified by SEBI. The Company shall approach BSE and/or the NSE for facilitating the same and subject to decision of the Board/ Buyback committee, one of BSE and NSE shall act as the designated stock exchange.