Tanla Platforms Limited has informed the Exchange regarding outcome of Board meeting held on Jun 16, 2025.
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Tanla Platforms' board, at its June 16, 2025 meeting, approved two key items. First, it appointed Mr. Sunil Ramakant Bhumralkar (DIN: 00177658), a former EY India (S R Batliboi & Associates LLP) partner and chartered accountant with ~40 years of audit experience, as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. He is not related to any promoter, director or KMP. Second, the board approved a buyback of up to 20 lakh equity shares (1.49% of paid-up capital) at ₹875 per share, aggregating up to ₹175 crore, via the tender offer route. This represents 24.81% of standalone paid-up capital and free reserves. Promoters have opted out of participating. Shareholder approval will be sought via postal ballot. Kotak Mahindra Capital is the manager to the buyback.
The buyback at ₹875 per share is a constructive signal, returning surplus cash to public shareholders (since promoters are not participating, their effective stake will rise modestly post-buyback). The addition of a senior, experienced independent director strengthens board oversight and governance.