eClerx announces share buyback via tender offer

eClerx Services Limited has announced a buyback of up to 625,000 fully paid equity shares, each with a face value of INR 10/-, at a price of INR 4,800/- per share. This tender offer amounts to a total of INR 3,000 m, excluding transaction costs, representing 21.08% and 13.80% of the company's fully paid-up equity share capital and free reserves as of March 31, 2025. The buyback price reflects a premium of 14.89% and 14.88% over the volume weighted average market prices on BSE and NSE, respectively, during the one-month period preceding October 17, 2025.

The tender offer period will commence on Monday, December 22, 2025, and conclude on Monday, December 29, 2025. The record date for determining eligible shareholders for the buyback was Wednesday, December 17, 2025. Approximately 15% of the buyback is reserved for small shareholders. The buyback aims to return surplus funds to shareholders and improve the company's return on equity.

The board of directors confirmed that the buyback adheres to all statutory requirements and will not render the company insolvent. The promoters and promoter group have expressed their intention not to participate in the buyback. ICICI Bank Limited has been appointed as the escrow agent, with INR 450 m deposited in an escrow account to facilitate the transaction.