TCC Concept Ltd Board Approves Merger Scheme Amendments, Share Split

TCC Concept Limited's Board of Directors, in a meeting held on September 8, 2026, approved amendments to the Scheme of Amalgamation with its wholly-owned subsidiary, ALTRR Software Services Limited. These amendments are consequential to corporate actions approved by shareholders via postal ballot. Key changes include a subdivision of equity shares, where each equity share of face value ₹10 will be split into five shares of face value ₹2. The Object Clause of the Memorandum of Association will also be amended. The merger involves ALTRR Software Services Limited as the transferor company and TCC Concept Limited as the transferee company. Financials for FY25-26 show ALTRR Software Services Limited with a turnover of ₹1,272.05 Lacs and net worth of ₹1,627.05 Lacs. TCC Concept Limited reported a consolidated turnover of ₹17,939.3 Lacs and consolidated net worth of ₹1,64,534.09 Lacs for the same period. The transaction is considered a related party transaction but exempt from certain Companies Act provisions.