Tanla Platforms To Go for Rs 175 Crore Share Buyback

Mumbai, 17 July 2025: In a significant development, Tanla Platforms Ltd has secured shareholder approval to execute a ₹175 crore equity share buyback, priced at ₹875 per share, through a tender offer route. The resolution was passed on 16 July 2025 via postal ballot, with an overwhelming 99.93% of votes in favour, confirming strong shareholder backing for the capital return programme.

Shareholders Greenlight ₹175 Crore Buyback with Resounding Majority

Tanla Platforms will repurchase up to 20 lakh fully paid-up equity shares at ₹875 per share, through the tender offer mechanism on a proportionate basis. The aggregate buyback outlay will not exceed ₹175 crore. The approval process, which concluded on 16 July 2025, saw voting participation from promoter groups, public institutions, and retail shareholders. The resolution passed with near-unanimous support, with 99.93% overall votes in favour.

Institutional and Retail Investors Align in Strong Support

Voting results reveal that the promoter group contributed 4.99 crore votes, all in favour. Among public institutions, 99.94 lakh of the 1 crore votes polled supported the resolution. In the public non-institutional category, 95.89% of votes were cast in favour. The results, published on 17 July 2025, underscore broad-based acceptance of the company’s proposed capital deployment strategy.

Independent Director Appointment Also Receives Approval

In addition to the buyback, shareholders approved the appointment of Mr. Sunil Ramakant Bhumralkar as an Independent Director, with 99.91% votes in favour. His appointment strengthens the company’s governance structure, reflecting board expansion aligned with regulatory and strategic requirements. Both resolutions were facilitated through remote e-voting held between 2 July and 16 July 2025, with eligibility determined as per the record date of 13 June 2025.

Tanla Share Price Slips Despite Buyback Approval

Tanla Platforms’ share price moved marginally lower following the buyback approval. At 12:52 PM, the stock was trading at ₹652.80, down ₹4.60 or 0.70% from the previous close. The day’s trading began at ₹660.15, reached a high of ₹661.00 and touched a low of ₹652.45 during this session. Despite strong shareholder support and a confirmed buyback plan, market sentiment reflected cautious trading.

About Tanla Platforms

Tanla Platforms Ltd, headquartered in Hyderabad, is a listed cloud communications provider, delivering CPaaS (communications platform as a service) solutions. The company operates in the A2P messaging segment and is listed on both the NSE and BSE under the symbol TANLA.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f7895483-1904-4b50-ad16-72417cf512ac.pdf

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