Description

Tanla Platforms announces buyback of up to 20 lakh equity shares at INR 875 per share through tender offer route 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 having face value of INR 1/- each at INR 875 per share through tender offer route. The buyback represents 1.49% of total existing paid-up equity share capital and involves aggregate consideration of up to INR 175,00,00,000 (INR 175 crores). The offer is made to all eligible shareholders as on record date of July 23, 2025 on proportionate basis.

Key Points

  • Buyback of up to 20,00,000 equity shares (1.49% of total paid-up capital)
  • Buyback price: INR 875 per equity share
  • Total consideration: Up to INR 175 crores
  • Method: Tender offer route on proportionate basis
  • Record date: Wednesday, July 23, 2025
  • Face value: INR 1/- per equity share
  • Manager to Buyback: Kotak Mahindra Capital Company Limited
  • Registrar to Buyback: KFin Technologies Limited

Regulatory Changes

The buyback is conducted in accordance with:

  • Article 3 of Articles of Association of the Company
  • Sections 68, 69, 70, 108, and 110 of Companies Act
  • SEBI Listing Regulations and SEBI Buyback Regulations
  • SCD Rules and Management Rules

Compliance Requirements

  • Buyback size represents 24.81% and 7.78% of aggregate paid-up capital and free reserves per standalone and consolidated audited financial statements respectively
  • Within statutory limit of 25% as per Section 68(2)(c) of Companies Act and Regulation 4(i) of SEBI Buyback Regulations
  • Letter of Offer sent electronically to all eligible shareholders
  • Form of Acceptance-cum-Acknowledgement (Tender Form) and share transfer form (SH-4) provided

Important Dates

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

Impact Assessment

This is a significant corporate action involving buyback of substantial equity stake worth INR 175 crores. The buyback at INR 875 per share may impact stock price and provide exit opportunity to shareholders. The proportionate basis ensures fair treatment of all eligible shareholders. The buyback will reduce the company’s equity base and may enhance earnings per share for remaining shareholders.

Impact Justification

Major corporate action involving buyback of 1.49% of total equity shares worth INR 175 crores