Tracxn Technologies Limited has informed the Exchange regarding Appointment of Ms. Megha Tibrewal as Company Secretary & Compliance Officer of the company
TRACXN · price
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Awaiting price reaction for this filing.
Tracxn Technologies reported FY25 results with revenue of Rs. 6,446.73 lakhs (down from Rs. 8,277.05 lakhs in FY24) and a net loss of Rs. 954.41 lakhs versus a profit of Rs. 650.14 lakhs last year, largely due to a Rs. 1,448.67 lakhs deferred tax asset reversal. Q4 FY25 also saw a Rs. 757.95 lakhs loss. The board approved a buyback of up to 11,42,857 shares (1.07% of paid-up capital) at Rs. 70 per share, aggregating up to Rs. 7.99 crores, via the tender offer route, with promoters not participating. Ms. Surabhi Pasari will step down as Company Secretary from June 2, 2025 on maternity leave, replaced by Ms. Megha Tibrewal. BMP & Co. LLP was appointed as Secretarial Auditor for 5 years and SPR & Co. re-appointed as Internal Auditor for FY26. Ms. Neha Singh and Mr. Abhishek Goyal (co-founders) were re-appointed as Managing Director and Executive Director respectively for a 5-year term starting August 2026, and four independent directors were also re-appointed for a second term.
The small buyback (~Rs. 8 crores, 1.07% of capital) is a modest capital return that is likely neutral to mildly positive for shareholders, while the FY25 loss driven by a one-time deferred tax reversal may not affect cash operations but could weigh on sentiment. Director continuity with the co-founder team remaining in place provides stability.