Tanla Platforms , a leading cloud communications provider, has made significant moves in its capital management strategy, announcing a new share buyback program and completing a previous one.

New Buyback Program

The Board of Directors of Tanla Platforms has approved a new share buyback program with the following details:

• Buyback Size: Up to 20 lakh equity shares
• Buyback Price: ₹875.00 per share
• Total Buyback Value: ₹175.00 crore
• Percentage of Paid-up Capital: 1.49%
• Method: Tender offer route

This proposed buyback is subject to shareholder approval, which will be sought through a postal ballot. Notably, the company's promoters have decided not to participate in this buyback offer.

Management of Buyback Process

To oversee the buyback process:

• Ms. Seshanuradha Chava has been appointed as the compliance officer
• Kotak Mahindra Capital will serve as the manager for the buyback

Completion of Previous Buyback

Tanla Platforms has also announced the completion of its previous share repurchase program:

• Shares Extinguished: 14.17 lakh equity shares
• Previous Buyback Price: ₹1,200.00 per share
• Impact on Share Capital: Reduced from 13.58 crore to 13.44 crore shares

Current Shareholding Structure

The pre-buyback shareholding pattern of Tanla Platforms is as follows:

This new buyback initiative, following closely on the heels of the completed repurchase, demonstrates Tanla Platforms' commitment to enhancing shareholder value. The tender offer route chosen for the buyback allows all eligible shareholders to participate, potentially providing an exit opportunity at a premium to the current market price.

The company's decision to conduct consecutive buybacks may be seen as a sign of confidence in its financial position and future prospects. However, investors should conduct their own analysis and consider their individual financial situations before making any investment decisions.

Tanla Platforms Limited, a leading cloud communications provider, has successfully concluded its share buyback program, repurchasing 20,00,000 equity shares at INR 875.00 per share, for a total of INR 175.00 crore.

Buyback Details

The buyback, conducted through a tender offer process, was executed in accordance with the Securities and Exchange Board of India (SEBI) Buyback Regulations and the Companies Act, 2013. The program, which received approval from both the Board of Directors and shareholders, demonstrates Tanla Platforms' commitment to enhancing shareholder value.

Post-Buyback Announcements

Following the completion of payments to eligible shareholders, Tanla Platforms has published post-buyback public announcements in several newspapers, including:

• Financial Express (English - All editions)
• Jansatta (Hindi - All editions)
• Daily Hindi Milap (Hindi - Hyderabad edition)
• Mana Telangana (Telugu - Hyderabad edition)
• Financial Express Gujarati (Ahmedabad edition)
• Vishwavani (Kannada - Bengaluru edition)

This wide-ranging publication ensures transparency and compliance with regulatory requirements, keeping shareholders and the public informed about the buyback process.

Regulatory Compliance

The company has adhered to the regulatory framework by making the necessary disclosures to the stock exchanges. In compliance with Regulation 24(vi) of the SEBI Buyback Regulations and Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, Tanla Platforms has filed the post-buyback public announcement with both the BSE Limited and the National Stock Exchange of India Ltd.

Investor Information

For the benefit of shareholders and interested parties, Tanla Platforms has made the post-buyback public announcement available on its official website at www.tanla.com . This move ensures easy access to important corporate information for all stakeholders.

The successful completion of this buyback program underscores Tanla Platforms' robust financial position and its dedication to delivering value to its shareholders. As the company continues to strengthen its market position in the cloud communications sector, this buyback may be seen as a positive signal of the management's confidence in the company's future prospects.