Tracxn Technologies Limited — Others, 09-07-2025: Copy of Newspaper Publication
Tracxn Technologies Limited has announced a buyback of up to 11,42,857 fully paid-up equity shares at INR 70 per share, totaling a maximum outlay of INR 7.99 Cr (excluding transaction costs). This represents 23.70% of its paid-up equity capital and free reserves as per the latest audited financials. The buyback will be conducted on a proportionate basis via tender offer through NSE’s designated acquisition window, excluding promoter group shares who have opted not to participate. The buyback aims to return surplus cash, optimize capital structure, and enhance return metrics, benefiting shareholders with the option to participate or maintain/increase shareholding. The company confirms no defaults and has received shareholder approval for this buyback.
