Announced Fri, 31 Jul · 19:15 IST
Board approves merger of wholly-owned subsidiary ALTRR into TCC Concept
TCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹290.00
prior close
₹322.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-6.1-6.5-7.5-8.5-0.1-1.1-6.2-4.9-4.8-12.9-18.3-19.9——
Up moveDown movePending
AI summary
TCC Concept board on July 31, 2026 approved a Scheme of Amalgamation to merge its wholly-owned subsidiary ALTRR Software Services into itself. ALTRR runs AI platform TryThat.ai (FY26 turnover 1,272.05 lakh). TCC consolidated FY26 turnover is 17,939.3 lakh with net worth 1,64,534.09 lakh. Since TCC holds 100% of ALTRR, no consideration or new shares are involved and no shareholding change. Subject to NCLT and other approvals.
Likely market impact
Simplifies group structure, cuts duplication and costs; no share issuance or shareholding change. Awaiting NCLT approval.