The buyback offer constitutes 24.81% and 7.78% of the company’s paid-up equity share capital and free reserves based on its latest standalone and consolidated financial statements as of March 31, 2025, respectively.
The buyback will be executed on a proportionate basis for all eligible shareholders and beneficial owners as on the record date, which will be announced later. The company will conduct the process through remote electronic voting and postal ballot to secure shareholder approval via a special resolution.
Also Read: Tanla Platforms Q3 Results | Net profit falls 15%; declares dividend of ₹6Dull Q4
Tanla Platforms reported a 9.9% decline in net profit for the March quarter at ₹117.3 crore, compared with ₹130.2 crore in the same period last year. Revenue rose marginally by 1.9% to ₹1,024.4 crore from ₹1,005.5 crore a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) also inched up 1.9% year-on-year to ₹163.4 crore.
The EBITDA margin remained unchanged at 16%, indicating no material improvement in operational leverage despite the slight revenue uptick.
The company’s board declared a second interim dividend of ₹6 per share for FY25. The record date to determine shareholder eligibility for the dividend has been fixed as Wednesday, April 30, 2025.
Shares of Tanla Platforms Ltd ended at ₹656.90, down by ₹8.70, or 1.31%, on the BSE.
Also Read: Tanla Platforms shares surge 12% ahead of third share buyback meet in five years
(Edited by : Shoma Bhattacharjee)
