eClerx’s Board of Directors has approved a proposal to buy back up to 666,666 fully paid-up equity shares at a face value of ₹10 each. The buyback price is set at ₹4,500 per equity share, payable in cash, for an aggregate amount not exceeding ₹3,000 million, excluding transaction costs. The buyback will proceed via a tender offer on a proportionate basis.
Equity Share Buyback Announcement
On October 24, 2025, the Board of Directors of eClerx Services Limited unanimously approved a buyback of its equity shares. The decision was made during a board meeting that concluded at 6:20 pm.
Buyback Details
The company will buy back up to 666,666 fully paid-up equity shares with a face value of ₹10 each. The buyback price is fixed at ₹4,500 per equity share, to be paid in cash through a tender offer. The total amount allocated for the buyback will not exceed ₹3,000 million, excluding transaction-related expenses.
The ₹3,000 million buyback size represents 21.08% and 13.80% of the company’s aggregate of the total paid-up Equity Share capital and free reserves, based on the latest standalone and consolidated audited financial statements as of March 31, 2025, respectively.
Shareholder Participation
The buyback is available to all shareholders/beneficial owners as of the record date, which is to be determined. A minimum of 15% of the shares being bought back will be reserved for small shareholders.
Further Actions
Shareholders’ approval will be sought through a special resolution via postal ballot, including remote e-voting. Details regarding the postal ballot process and record date will be communicated separately.
Promoter Intention
The Promoters and members of the Promoter Group of the Company have stated their intention not to participate in the proposed Buy Back.
Source: BSE
