eClerx Services announces ₹3 billion share buyback plan

eClerx Services Limited has announced a buyback of up to 666,666 fully paid-up equity shares, representing 1.40% of the total equity share capital as of March 31, 2025. The buyback will be conducted via a tender offer route at ₹4,500 per share, totaling an amount not exceeding ₹3,000 million. This initiative, approved by a special resolution passed via postal ballot on December 4, 2025, aims to return surplus funds to shareholders and improve the company's return on equity.

The buyback price of ₹4,500 per share represents a premium of 7.71% and 7.70% over the volume-weighted average market price on BSE and NSE, respectively, for the month preceding October 17, 2025. The maximum buyback amount constitutes 21.08% and 13.80% of the aggregate total paid-up equity share capital and free reserves based on the latest audited standalone and consolidated financial statements as of March 31, 2025.

The company confirms that the buyback will be financed from its free reserves or securities premium account and other permitted sources, without resorting to borrowed funds. This ensures compliance with Section 68(2)(d) of the Companies Act, 2013, maintaining a debt-to-equity ratio within prescribed limits post-buyback.