Description

Tanla Platforms Limited announces buyback of up to 20 lakh equity shares (1.49% of total 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 (20 lakh) fully paid-up equity shares at Rs 875 per share through tender offer route. The buyback represents 1.49% of total equity shares and involves aggregate consideration up to Rs 175 crores. The offer is made to all eligible shareholders as on record date July 23, 2025 on proportionate basis.

Key Points

  • Buyback of up to 20 lakh equity shares (face value Rs 1 each)
  • Offer price: Rs 875 per equity share
  • Total consideration: Up to Rs 175 crores
  • Represents 1.49% of total paid-up equity share capital
  • Proportionate basis offer to all eligible shareholders
  • Tender offer route method
  • Compliance with SEBI Buyback Regulations and Companies Act provisions

Regulatory Changes

No regulatory changes mentioned. The buyback is conducted in accordance with existing regulations including SEBI Buyback Regulations, Companies Act Sections 68, 69, 70, 108, and 110, and SEBI Listing Regulations.

Compliance Requirements

  • Eligible shareholders need to submit Tender Form along with share transfer form (SH-4)
  • Letter of Offer sent electronically to all eligible shareholders
  • Compliance with statutory limits - buyback represents 24.81% of standalone and 7.78% of consolidated paid-up capital and free reserves
  • Manager to Buyback: Kotak Mahindra Capital Company Limited
  • Registrar to Buyback: KFin Technologies Limited

Important Dates

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

Impact Assessment

High impact corporate action involving significant capital return to shareholders. The buyback of Rs 175 crores represents substantial value distribution and will reduce the company’s equity base by 1.49%. Shareholders holding Tanla Platforms shares as on record date are eligible to participate proportionately in the buyback offer at premium price of Rs 875 per share.

Impact Justification

Major corporate action affecting 1.49% of company's equity with Rs 175 crores consideration