Matrimony.com shares surged over 10% after the company informed the exchanges that its Board of Directors will convene on December 15, 2025, to consider a significant capital allocation decision. The board is scheduled to evaluate a proposal for the buyback of the company’s fully paid-up equity shares, along with all associated and incidental matters. As of 9:32 AM, the shares were trading 10.38% higher at Rs 525.10.
According to the exchange filing, the proposed buyback will be reviewed in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India’s Buyback of Securities Regulations, 2018, including subsequent amendments. The meeting will also examine all other applicable legal and regulatory requirements relevant to the process.
A potential buyback is typically seen as an indicator of management’s confidence in the company’s financial position and is often interpreted as a shareholder-friendly move. Investors will now await the outcome of the December 15 board meeting for further clarity.
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