Tanla Platforms Limited's board approved the appointment of Mr. Sunil Ramakant Bhumralkar as an Additional Director (Non-Executive and Independent) for a 5-year term starting June 16, 2025, subject to shareholder approval.
The board has approved a proposal for a buyback of up to 20,00,000 fully paid-up equity shares at ₹875 per share, totaling up to ₹175 crore (21.08 Million USD).
The buyback represents 1.49% of the total equity shares.
The buyback will be executed via a tender offer to all shareholders on a proportionate basis, subject to shareholder approval through a special resolution via postal ballot and other statutory approvals.
Promoters and promoter group members intend not to participate in the buyback.
Ms. Seshanuradha Chava has been appointed as the compliance officer for the buyback, and Kotak Mahindra Capital Company Limited will serve as the Manager.