Tracxn Technologies Limited has informed the Exchange about Copy of Newspaper Publication for submission of Addendum to Public Announcement dated July 08, 2025 for buyback of 10,66,666 (Ten Lakhs Sixty-Six Thousand Six Hundred and Sixty-Six) fully paid-up Equity Shares of the face value of INR 1/- (Indian Rupee One) each of the Company at a price of INR 75/- (Indian Rupees Seventy Five Only) per Equity Share payable in cash on proportionate basis
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Tracxn Technologies has published an addendum to its public announcement for a share buyback, revising the offer price upward. The buyback price has been increased from INR 70 to INR 75 per equity share, while the total buyback size remains unchanged at approximately INR 8 crores (INR 7,99,99,950). As a result, the maximum number of shares to be bought back has been reduced from 11,42,857 to 10,66,666 equity shares, representing about 1% of the company's paid-up equity share capital. The record date for determining eligible shareholders is July 18, 2025, and the buyback will be carried out through the tender offer route on a proportionate basis. The addendum was published on July 18, 2025 in Financial Express, Jansatta, and Prajavani newspapers, following the Buyback Committee's approval on July 17, 2025.
The higher buyback price of INR 75 per share is more attractive for eligible shareholders, but fewer shares will ultimately be purchased since the total payout amount is unchanged. The tender acceptance ratio for shareholders is likely to be lower than originally anticipated, while the stock may see short-term support near the revised offer price.