Tanla Platforms Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TANLA · price
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Awaiting price reaction for this filing.
Tanla Platforms Limited announced the results of its postal ballot conducted via remote e-voting from June 17 to July 16, 2025. Two special resolutions were approved by shareholders with overwhelming majority. The first resolution appointed Mr. Sunil Ramakant Bhumralkar (DIN: 00177658) as an Independent Director, passing with 99.91% votes in favor. The second resolution approved a buyback of up to 20 lakh equity shares at INR 875 per share, for a maximum aggregate amount of INR 175 crore, passing with 99.93% votes in favor. Both promoters and institutional investors voted nearly unanimously in support of the buyback.
The buyback at INR 875 per share rewards existing shareholders and signals management's confidence in the company's valuation. The new independent director addition strengthens board composition. Short-term price support is likely from the buyback, though the actual demand will depend on tender subscription.