Description

Tanla Platforms Limited announces buyback of up to 20 lakh equity shares at INR 875 per share for aggregate consideration of INR 175 crores.

Summary

Tanla Platforms Limited has announced a buyback offer for up to 20,00,000 (twenty lakhs) fully paid-up equity shares at INR 875 per share through tender offer route. The buyback is open to all eligible shareholders as on record date July 23, 2025 on proportionate basis for aggregate consideration up to INR 175 crores.

Key Points

  • Buyback of up to 20 lakh equity shares (1.49% of total paid-up equity capital)
  • Buyback price: INR 875 per equity share (face value INR 1)
  • Total consideration: Up to INR 175 crores
  • Record date: Wednesday, July 23, 2025
  • Proportionate basis tender offer for all eligible shareholders
  • Compliance with SEBI Buyback Regulations and Companies Act provisions

Regulatory Changes

The buyback is conducted in accordance with Sections 68, 69, 70, 108, and 110 of the Companies Act, SEBI Listing Regulations, and SEBI Buyback Regulations. The offer size represents 24.81% of standalone and 7.78% of consolidated paid-up capital and free reserves, within the statutory limit of 25%.

Compliance Requirements

  • Letter of Offer sent electronically to all eligible shareholders as on record date
  • Form of Acceptance-cum-Acknowledgement (Tender Form) and share transfer form (SH-4) provided
  • Manager to Buyback: Kotak Mahindra Capital Company Limited
  • Registrar to Buyback: KFin Technologies Limited
  • Shareholders must follow tender and settlement procedures as specified

Important Dates

  • Record Date: Wednesday, July 23, 2025
  • Letter of Offer dispatch: July 28, 2025

Impact Assessment

This is a significant corporate action involving substantial capital return to shareholders. The buyback of 1.49% equity capital at premium pricing indicates management confidence in company valuation. Eligible shareholders will receive proportionate allocation based on their holdings as on record date. The transaction will reduce the company’s equity base and may positively impact earnings per share for remaining shareholders.

Impact Justification

Major corporate action involving INR 175 crores buyback affecting 1.49% of company's equity capital