Matrimony.com board approves share buyback, reappoints directors

Matrimony.com’s board of directors, in a meeting on December 15, 2025, approved a proposal to buy back 893,129 fully paid-up equity shares. The buyback, valued at an amount not exceeding INR 58.5 crores, represents 24.68% and 24.81% of the total paid-up equity share capital and free reserves based on the latest standalone and consolidated audited financial statements as of March 31, 2025. The buyback price is set at INR 655 per equity share, payable in cash through a tender offer route, with 15% reserved for small shareholders.

In addition to the buyback, the board approved the re-appointment of Mr. Murugavel Janakiraman as managing director from April 1, 2026, to March 31, 2029. Mr. Sivaramakrishnan Meenakshi Sundaram was also re-appointed as an independent director for a second term of five years, effective from March 11, 2026, to March 10, 2031. Both re-appointments are subject to shareholder approval. The board also noted that promoters will not participate in the buyback.