eClerx Services Ltd, a leading provider of business process management and analytics solutions, has announced a ₹300 crore share buyback programme, aiming to repurchase up to 6.66 lakh equity shares through a tender offer route. The proposal has been approved by the company’s Board of Directors and now awaits shareholder approval through postal ballot and remote e-voting.
Buyback Details and Valuation
At its meeting held on October 24, 2025, eClerx’s Board approved the repurchase of 6,66,000 fully paid-up equity shares with a face value of ₹10 each, at a price of ₹4,500 per share in cash.
The total buyback consideration, excluding transaction costs, is capped at ₹300 crore, representing:
- 21.08% of the company’s paid-up equity capital, and
- 13.80% of its consolidated reserves (as per audited financials for FY25).
This move underscores the company’s confidence in its financial position and commitment to enhancing shareholder value through efficient capital allocation.
Promoters Exclude Themselves from Buyback
In a notable development, promoters and promoter group members have opted not to participate in the buyback process. Their decision effectively increases the scope for retail and institutional investors to benefit from the offer.
As per SEBI Buyback Regulations (2018), at least 15% of the buyback will be reserved for small shareholders, ensuring equitable participation across investor categories.
Oversight and Compliance Framework
The company has constituted a Buyback Committee to oversee the execution and compliance aspects of the programme.
- Manager to the Buyback: Emkay Global Financial Services Ltd
- Scrutiniser: Savita Jyoti
- Compliance Officer: Pratik Bhanushali, VP–Legal and Company Secretary
The record date, tender period, and other procedural details will be announced following shareholder approval.
Current Shareholding Pattern
As of October 17, 2025, the company’s shareholding structure stood as follows:
- Promoters: 53.81%
- Public shareholders: 44.69%
- ESOP Trust: 1.5%
The buyback programme is expected to optimise the capital structure and improve earnings per share (EPS), while signalling management’s confidence in eClerx’s long-term growth outlook.
Summary:
eClerx Services Ltd has launched a ₹300 crore buyback plan to repurchase 6.66 lakh shares at ₹4,500 each, pending shareholder approval. With promoters abstaining from participation, the move is expected to benefit public and retail investors. The buyback—representing over 21% of the company’s equity capital—reinforces eClerx’s focus on shareholder returns, capital efficiency, and long-term value creation.
Disclaimer:
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