eClerx Services Limited has informed the Exchange regarding Notice of Postal Ballot
ECLERX · price
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On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 0.5 pts less than its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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eClerx Services is seeking shareholder approval via postal ballot to buy back up to 666,666 equity shares (1.40% of paid-up capital) at ₹4,500 per share, for an aggregate size of up to ₹300 crore. The buyback will be executed through the tender offer route using the stock exchange mechanism, with 15% of shares reserved for small shareholders. The offer price represents a premium of 11.28% over the 2-week VWAP on both BSE and NSE, 7.71%/7.70% over the 1-month VWAP, and around 1.2% over the October 24, 2025 closing price. E-voting runs from November 5 to December 4, 2025, with results expected on December 5, 2025. The buyback will be funded entirely from internal cash and free reserves, with no borrowings used.
Eligible shareholders can tender shares at a healthy premium and receive cash, while non-tendering holders will see their proportional ownership rise. The buyback signals management's confidence in returning surplus cash and is likely to lend near-term support to the stock.