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Tanla Platforms Limited - Outcome of Board Meeting

8 Sep 2022 , 12:00 AM

The board of directors of Tanla Platforms Limited (the ???Company???) at its meeting held today, i.e., September 8, 2022 has considered and approved the proposal for buyback of fully paid up equity shares of the Company having a face value of INR 1/- (Indian Rupee One Only) (???Equity Shares??? and such buyback ???Buyback???) from all shareholders/ beneficial owners of the Equity Shares of the Company, as on record date, which will be decided subsequently, on a proportionate basis, through the ???tender offer??? route, using mechanism for acquisition of shares through stock exchange as prescribed under Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (the ???Buyback Regulations???) and such other circulars or notifications issued by the Securities and Exchange Board of India and the Companies Act, 2013 and rules made thereunder, as amended from time to time, at a price of INR 1,200/- (Indian Rupees One Thousand Two Hundred only) per Equity Share (???Buyback Offer Price???), payable in cash, for an aggregate amount not exceeding INR 170,00,00,000/- (Indian Rupees One Hundred and Seventy Crores Only), excluding any expenses incurred or to be incurred for the Buyback viz. brokerage, costs, fees, turnover charges, taxes such as buyback tax, securities transaction tax and goods and services tax (if any), stamp duty, advisors fees, filing fees, printing and dispatch expenses and other incidental and related expenses and charges (???Buyback Offer Size???), subject to the approval of Shareholders.

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