Description

eClerx Services Limited announces buyback of up to 625,000 equity shares at ₹4,800 per share for a total consideration of up to ₹3,000 million through tender offer route using stock exchange mechanism.

Summary

eClerx Services Limited has announced a buyback of up to 625,000 fully paid-up equity shares at ₹4,800 per share, for a total consideration of up to ₹3,000 million (excluding expenses). The buyback will be conducted through the tender offer route using the stock exchange mechanism on a proportionate basis from all equity shareholders/beneficial owners as on the record date of December 17, 2025. The buyback is being undertaken in accordance with SEBI (Buy-Back of Securities) Regulations, 2018 and the Companies Act provisions.

Key Points

  • Buyback Size: Up to 625,000 equity shares (1.31% of total paid-up equity share capital)
  • Buyback Price: ₹4,800 per equity share (face value ₹10)
  • Total Consideration: Up to ₹3,000 million (excluding buyback expenses)
  • Method: Tender offer route using stock exchange mechanism
  • Basis: Proportionate basis from all eligible shareholders
  • Record Date: Wednesday, December 17, 2025
  • Regulatory Compliance: Conducted per SEBI Buy-Back Regulations, 2018 and Sections 68, 69, 70, 110, 179 of the Companies Act
  • Manager to Buy Back: Emkay Global Financial Services Limited
  • Registrar to Buy Back: KFin Technologies Limited

Regulatory Changes

No regulatory changes announced. This is a corporate action conducted under existing SEBI (Buy-Back of Securities) Regulations, 2018.

Compliance Requirements

  • Letter of Offer sent to all registered equity shareholders as on the record date (December 17, 2025)
  • Form of Acceptance-cum-Acknowledgement (Tender Form) to be made available to eligible shareholders
  • Public Announcement and Letter of Offer to be available on:
  • Buyback subject to statutory, regulatory and governmental approvals as required
  • Company must comply with Article 61 of Articles of Association

Important Dates

  • Record Date: Wednesday, December 17, 2025
  • Board Meeting Approval Date: Friday, October 24, 2025
  • Financial Statements Reference Date: March 31, 2025 (latest audited standalone and consolidated financial statements)

Impact Assessment

Financial Impact: The buyback represents 21.08% and 13.80% of the aggregate of company’s fully paid-up equity share capital and free reserves as per audited standalone and consolidated financial statements respectively as on March 31, 2025, well within the statutory limit of 25%. This indicates a substantial return of capital to shareholders.

Shareholder Impact: Eligible shareholders as on record date will have the opportunity to tender their shares at ₹4,800 per share on a proportionate basis. The buyback provides an exit opportunity at the stated price and may result in improved earnings per share for continuing shareholders.

Market Impact: The buyback of 1.31% of total paid-up equity share capital will reduce the outstanding equity shares, potentially improving key financial ratios. The use of stock exchange mechanism ensures transparent price discovery and equal treatment of all eligible shareholders.

Liquidity Impact: The tender offer through stock exchange mechanism ensures market-based execution with proper regulatory oversight and transparent processes for all participants.

Impact Justification

Corporate action affecting eligible shareholders of eClerx Services Limited. Buyback represents 1.31% of total paid-up equity share capital, offering shareholders an exit opportunity at premium pricing through regulated tender offer mechanism.