Tanla Platforms Share Price Surges Over 4% on Share Buyback Worth ₹175 Crore

Tanla Platforms Ltd on June 16, 2025, announced that its board of directors has approved a buyback of shares worth up to ₹175 crore. The company plans to repurchase up to 20 lakh fully paid-up equity shares at ₹875 per share through the tender offer route. This accounts for approximately 1.49% of the company’s total equity capital.

Impact on Capital and Reserves

According to filings, the buyback represents 24.81% of the company’s paid-up equity share capital and 7.78% of the free reserves on a standalone and on a consolidated financial statement, as of March 31, 2025. The process will be conducted on a proportionate basis for all eligible shareholders, with the record date to be announced later.

Promoter and Institutional Participation

The company’s 12 promoter entities, which hold 45.49% of the equity as of March 2025, will not participate in the buyback. Foreign investors, including NRIs and FIIs, hold a 9.63% stake, while domestic financial institutions account for 0.96%. Retail shareholders with a shareholding value of up to ₹2 lakh own around 9% of the company’s equity.

Approval Process and Management

Shareholder approval for the buyback will be sought via a special resolution through postal ballot and remote electronic voting. Kotak Mahindra Capital Co. Ltd has been appointed as the manager for the buyback. The final number of shares and the percentage of capital bought back will be determined after completion of the process.

Tanla Platforms Q4FY25 Results

For the quarter ended March 2025, Tanla Platforms reported a net profit of ₹117.3 crore, down 9.9% year-on-year. Revenue grew 1.9% to ₹1,024.4 crore. EBITDA stood at ₹163.4 crore, also up 1.9%, with margins unchanged at 16%. The board declared a 2nd interim dividend of ₹6 per share, with the record date set as April 30, 2025.

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Tanla Platforms Share Price Performance

As of 9:44 AM on June 17, 2025, Tanla Platforms share price was trading at ₹691.25, a 5.19% increase; the stock has declined 3.20% over the past 6 months and 29.20% over the past year.

Conclusion

The company will buy back shares proportionally from all eligible shareholders and beneficial owners. The record date for this will be announced later. Shareholder approval will be sought via a special resolution through remote electronic voting and postal ballot.

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