Eclerx announces buyback of up to 6.66 lakh equity shares worth ₹300 crore

Eclerx Services Ltd, in a release to the stock exchanges, announced a buyback of its equity shares following approval by the Company’s Board of Directors in a meeting held on October 24, 2025.

According to the exchange filing, the Board approved the buyback of up to 6.66 lakh fully paid-up equity shares of face value ₹10 each, amounting to a total of ₹300 crore, excluding transaction costs such as brokerage, taxes, stamp duty, advisory fees, and other related expenses.

This represents 21.08% of the total paid-up equity capital and 13.80% of total consolidated reserves based on the latest audited financial statements as of March 31, 2025.

The buyback price has been set at ₹4,500 per share, payable in cash, and will be conducted through the tender offer route in compliance with SEBI Buyback Regulations, 2018. A minimum of 15% of the shares in the buyback will be reserved for small shareholders.

The buyback is subject to shareholder approval through a postal ballot, including remote e-voting, and other statutory approvals. The exact record date, process, and timelines will be announced in due course.

The company also noted in its exchange release that the promoters and promoter group members will not participate in the buyback. Emkay Global Financial Services Limited has been appointed as the manager for the buyback, and Savita Jyoti of Savita Jyoti Associates will act as the scrutinizer for the postal ballot and e-voting process.

Pratik Bhanushali, VP-Legal and Company Secretary, has been appointed as the compliance officer for the buyback. A Buyback Committee has also been constituted to oversee the process and execute all necessary actions.

The company will release the pre- and post-buyback shareholding patterns once the buyback is completed. As of October 17, 2025, promoters held 53.81% of Eclerx’s total shareholding, while the public held 44.69%. The ESOP trust accounted for 1.5% of the company’s shares.