Matrimony.com seeks shareholder nod for share buyback and director reappointments

Matrimony.com Limited will conduct a postal ballot from December 20, 2025, to January 18, 2026, to seek shareholder approval for a buyback of its equity shares. The company proposes to buy back 893,129 fully paid-up equity shares at ₹655 per share, amounting to a maximum buyback size of ₹5,850 lakhs, excluding transaction costs. This represents 4.14% of the total paid-up equity share capital as of March 31, 2025, and is within the 25% limit of total paid-up equity share capital and free reserves. The buyback aims to distribute surplus cash and enhance shareholder value.

In addition to the buyback, shareholders will vote on the re-appointment of Sivaramakrishnan Meenakshi Sundaram as an independent director for a five-year term from March 11, 2026, to March 10, 2031. They will also consider approving the remuneration for Murugavel Janakiraman, managing director, for the financial year 2025-26, and his re-appointment for a period from April 1, 2026, to March 31, 2029. The board of directors has recommended these resolutions, highlighting the strategic benefits and the directors' expertise.