StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action25 May 2026, 09:41 pm

TCFC Finance: Record Date for Share Capital Reduction

AI Summary

TCFC Finance Ltd announced that its Board of Directors fixed June 4, 2026, as the record date for the reduction of paid-up share capital, following the order passed by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. The issued, subscribed, and paid-up Equity Share Capital will be reduced from ₹10,48,21,290 to ₹9,94,87,950, involving the cancellation of 5,33,334 Equity Shares of ₹10 each held by the Company, without any consideration.

Key Highlights

  • Record date for share capital reduction is set for June 4, 2026.
  • Share capital reduced from ₹10,48,21,290 to ₹9,94,87,950.
  • 5,33,334 equity shares will be cancelled without consideration.
  • NCLT Mumbai Bench approved the reduction on April 22, 2026.