eClerx Share Buyback Approved for ₹300 Crore :Aims to Repurchase 6.66 Lakh Shares

eClerx Services Ltd has officially announced a ₹300 crore share buyback, aiming to repurchase up to 6.66 lakh equity shares through a tender offer. The move has been approved by the Board of Directors and awaits final shareholder clearance via postal ballot and remote e-voting. Significantly, promoters have opted out of participating in the buyback process.

Details of the ₹300 Crore Share Buyback Programme

On October 24, 2025, eClerx Services Ltd’s Board of Directors approved a buyback of up to 6,66,000 fully paid-up equity shares with a face value of ₹10 each. The buyback amount, capped at ₹300 crore excluding transaction costs, will be executed through the tender offer route as per SEBI Buyback Regulations, 2018. 

Each share will be bought back at ₹4,500 in cash, representing 21.08% of the company's paid-up equity capital and 13.80% of consolidated reserves based on the audited financials as of March 31, 2025.

Promoter Participation and Regulatory Process

Crucially, promoters and promoter group members have decided not to participate in the buyback programme, increasing the opportunity for public shareholders. As mandated by SEBI, a minimum of 15% of the buyback will be reserved for small shareholders. The buyback is subject to shareholder approval via postal ballot and remote e-voting. The company will later announce the record date, timeline, and detailed process.

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Current Shareholding and Management of the Buyback

As of October 17, 2025, promoters held 53.81% of the shareholding, public shareholders held 44.69%, and the ESOP trust accounted for 1.5%. A Buyback Committee has been constituted to manage and oversee the entire process. Emkay Global has been appointed as the manager, while Savita Jyoti will act as the scrutiniser. Pratik Bhanushali, VP-Legal and Company Secretary, will serve as the compliance officer during the buyback exercise.

eClerx Services Share Price Performance

On October 27, 2025, eClerx Services share price opened at ₹4,557.80 on NSE, above the previous close of ₹4,446.60. During the day, it surged to ₹4,708.40 and dipped to ₹4,530.00. The stock is trading at ₹4,686.70 as of 9:22 AM. The stock registered a significant gain of 5.40%.

Over the past week, it has moved up by 8.63%, over the past month, it has moved up by 10.35%, and over the past 3 months, it has moved up by 24.21%.

Conclusion

eClerx’s ₹300 crore buyback of 6.66 lakh shares reflects the company's desire to enhance shareholder returns without promoter intervention. The process aligns with regulatory standards and is expected to conclude following required approvals and disclosures of post-buyback shareholding patterns.

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