Description

Tanla Platforms Limited announces buyback of up to 20 lakh equity shares at Rs 875 per share through tender offer route for aggregate consideration up to Rs 175 crores.

Summary

Tanla Platforms Limited has announced a buyback offer for up to 20,00,000 fully paid-up equity shares (face value Rs 1 each) at Rs 875 per share through tender offer route. The buyback represents 1.49% of total paid-up equity share capital and involves aggregate consideration up to Rs 175 crores. Eligible shareholders as on record date July 23, 2025 can participate on proportionate basis.

Key Points

  • Buyback of up to 20 lakh equity shares at Rs 875 per share
  • Represents 1.49% of total paid-up equity share capital
  • Total consideration up to Rs 175 crores
  • Tender offer route on proportionate basis
  • Face value Rs 1 per equity share
  • Buyback size represents 24.81% of standalone and 7.78% of consolidated paid-up capital and free reserves
  • Within statutory limit of 25% as per Companies Act and SEBI regulations

Regulatory Changes

No regulatory changes mentioned in this circular.

Compliance Requirements

  • Letter of Offer sent electronically to all eligible shareholders
  • Compliance with SEBI Buyback Regulations and SEBI Listing Regulations
  • Adherence to Companies Act Sections 68, 69, 70, 108, and 110
  • Form of Acceptance-cum-Acknowledgement (Tender Form) and share transfer form (SH-4) provided
  • Subject to necessary approvals, permissions, consents, exemptions and sanctions

Important Dates

  • Record Date: Wednesday, July 23, 2025
  • Circular Date: July 28, 2025

Impact Assessment

High impact corporate action as buyback involves significant capital return to shareholders worth Rs 175 crores. The proportionate tender offer allows all eligible shareholders to participate fairly. The buyback price of Rs 875 per share represents premium over market price, providing value to participating shareholders. The action will reduce share capital by 1.49% and improve earnings per share for remaining shareholders.

Impact Justification

Major corporate action affecting 1.49% of share capital with Rs 175 crore consideration