Corporate Action25 May 2026, 05:02 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. This follows an order from the National Company Law Tribunal (NCLT), Mumbai Bench. The share capital will be reduced from ₹10,48,21,290 to ₹9,94,87,950, involving the cancellation of 5,33,334 equity shares held by the company without consideration.
Key Highlights
- Record date for share capital reduction is set for June 4, 2026.
- Share capital reduces from ₹10,48,21,290 to ₹9,94,87,950.
- 5,33,334 equity shares will be cancelled without consideration.
- Reduction approved by NCLT Mumbai Bench order dated April 22, 2026.
Price Impact
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