Merger8 Sept 2026, 05:30 pm
TCC Concept amends merger scheme with ALTRR Software Services
AI Summary
TCC Concept Limited announced an amendment to its Scheme of Amalgamation with ALTRR Software Services Limited. The Board of Directors approved the changes on September 8, 2026, necessitated by corporate actions including a share split and amendment to the Memorandum of Association. The equity shares of TCC Concept Limited will be subdivided from Rs. 10 to Rs. 2 each. ALTRR Software Services reported a turnover of ₹1,272.05 Lacs and net worth of ₹1,627.05 Lacs for FY 2025-26, while TCC Concept had a consolidated turnover of ₹17,939.3 Lacs and net worth of ₹1,64,534.09 Lacs. The merger is classified as a related party transaction but exempt from certain Companies Act provisions.
Key Highlights
- TCC Concept Limited amends its merger scheme with ALTRR Software Services Limited.
- Equity shares to be split from Rs. 10 to Rs. 2 face value.
- Merger involves AI solutions provider ALTRR Software Services.
- Significant financial figures for both companies for FY 2025-26 disclosed.
- Transaction is a related party deal but exempt from specific regulations.
Price Impact
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