Tracxn Technologies Limited has informed the Exchange about Copy of Newspaper Publication
TRACXN · price
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Tracxn Technologies has published a postal ballot notice in Financial Express (English) and Vishwavani (Kannada) newspapers on June 4, 2025, seeking shareholder approval for a buyback of equity shares through a special resolution. The cut-off date for shareholder eligibility is May 30, 2025. Remote e-voting will be conducted via NSDL from June 4, 2025 (9:00 AM IST) to July 3, 2025 (5:00 PM IST). The Buyback Committee has appointed Manish Ghia (Membership No. FCS 6252) of M/s. Manish Ghia & Associates as the scrutinizer to oversee the postal ballot process. The voting results will be declared within two working days after the e-voting concludes.
Shareholders need to cast their votes by July 3, 2025. A buyback typically signals that the company believes its stock is undervalued and aims to return surplus cash to shareholders, which is generally viewed as a positive signal for the stock.