Tracxn to buy back shares at INR 70 each

Tracxn Technologies, a leading market intelligence provider, today announced a buyback program for its equity shares, as approved by the Board of Directors and shareholders. The company aims to repurchase up to 1,142,857 fully paid-up shares, each with a face value of INR 1, at a price of INR 70 per share. The total outlay for the buyback is capped at INR 7,99,99,990, excluding transaction costs, and will be funded from the company's free reserves. The buyback is being executed through a tender offer route, with July 18, 2025, set as the record date to determine eligible shareholders. The move is aimed at returning surplus cash to shareholders, optimizing the company’s capital structure, and improving financial ratios. Systematix Corporate Services Limited is managing the buyback. The promoters have expressed their intention not to participate in the buyback.