Tanla Platforms’ board greenlights ₹175-crore share repurchase at ₹875 per share.

On Monday (June 16), Tanla Platforms Ltd revealed that its board of directors has sanctioned a share buyback proposal amounting to ₹175 crore. The company intends to buy back up to 20 lakh fully paid-up equity shares, which represent around 1.49% of its total equity capital, at a price of ₹875 per share via the tender offer method.

The buyback offer accounts for 24.81% and 7.78% of the company’s paid-up equity share capital and free reserves, as per its latest standalone and consolidated financial statements dated March 31, 2025, respectively.

The buyback will be conducted on a proportionate basis for all eligible shareholders and beneficial owners as of the record date, which will be announced later. The company will carry out the process through remote electronic voting and postal ballot to obtain shareholder approval via a special resolution.
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Tanla Platforms reported a 9.9% decrease in net profit for the March quarter, registering ₹117.3 crore compared to ₹130.2 crore in the same quarter last year. Revenue experienced a slight rise of 1.9% to ₹1,024.4 crore from ₹1,005.5 crore a year prior. Earnings before interest, tax, depreciation, and amortisation (EBITDA) also increased 1.9% year-on-year, reaching ₹163.4 crore.

The EBITDA margin held steady at 16%, indicating no significant enhancement in operational leverage despite the minor revenue increase.

The board has declared a second interim dividend of ₹6 per share for FY25. The record date to ascertain shareholder eligibility for the dividend has been set for Wednesday, April 30, 2025.

Shares of Tanla Platforms Ltd closed at ₹656.90, a drop of ₹8.70, or 1.31%, on the BSE.

Also Read: Tanla Platforms shares rise 12% ahead of the third share buyback meeting in five years