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TANLA PLATFORMS LIMITED — Capital/Financing Update 2020
May 26, 2020
61461_rns_2020-05-26_802cde94-0a5f-4158-974b-16f6bec68d27.pdf
Capital/Financing Update
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Tanla Solutions Limited Tanla Technology Center Hi-tech city Road, Madhapur, Hyderabad, India - 500081 CIN: L72200TG1995PLC021262
T: +91-40-40099999 [email protected] tanla.com
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Date: May 25, 2020
| BSE LimitedPhiroze Jeejeebhoy TowersDalal StreetMumbai – 400 001Scrip Code: 532790 | National Stock Exchange of India LimitedExchange Plaza, C-1, Block GBandra Kurla ComplexBandra (E)Mumbai – 400 051Symbol: TANLA |
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Dear Sirs,
Sub: Intimation with respect to fixing of Record Date in relation to the proposed Buyback of not exceeding 1,90,12,345 fully paid-up equity shares of face value of INR 1/- each (the “Equity Shares”) of Tanla Solutions Limited (the “Company”) at a price of INR 81/- per Equity Share through the tender offer process, pursuant to the provisions of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended and the Companies Act, 2013, as amended (“Buyback”).
This is in continuation of our letter dated April 22, 2020 intimating that Board of Directors of the Company at its meeting on April 22, 2020, has inter-alia approved the proposal of Buyback and intimation of approval by shareholders by requisite majority through postal ballot vide letter dated May 23, 2020.
In terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended, and Regulation 9(i) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, we wish to inform you that the Buyback Committee of the Company, being duly authorised by the Board of Directors of the Company in this regard, has vide its Circular Resolution dated May 25, 2020 considered and approved Wednesday, June 10, 2020 as the Record Date for the purpose of determining the entitlement and names of shareholders, who will be eligible to participate in the proposed Buyback.
You are requested to kindly take the same on record.
For Tanla Solutions Limited
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Seshanuradha Chava VP - Legal & Secretarial ACS-15519