Tracxn Technologies Limited has informed the Exchange regarding 'Submission of Letter of Offer in connection with Buyback of Equity Shares pursuant to SEBI (Buy-Back of Securities) Regulations, 2018, as amended.'
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Tracxn Technologies has dispatched the Letter of Offer for its share buyback, which will open on July 24, 2025 and close on July 30, 2025. The company plans to buy back up to 10,66,666 equity shares at Rs. 75 per share, for an aggregate amount not exceeding Rs. 7,99,99,950 (about Rs. 8 crore). This represents just 0.99% of the company's total paid-up equity capital and 23.70% of its paid-up capital plus free reserves. Shareholders as on the record date of July 18, 2025 are eligible to tender shares on a proportionate basis, with an entitlement ratio of 5 shares for every 332 shares held. Notably, the promoters (Abhishek Goyal and Neha Singh) have indicated they will not participate in the buyback, meaning their shares are excluded from the entitlement calculation.
The buyback size is small (less than 1% of equity), so the impact on share price is likely to be limited. Eligible shareholders who choose to tender will receive Rs. 75 per share in cash. Promoter non-participation means the buyback is entirely funded by the company for the benefit of public shareholders only.