Announced Tue, 8 Sept · 17:21 IST
TCC Concept amends merger scheme with wholly owned subsidiary ALTRR
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
+13.1%1-day move
₹49.29
prior close
₹49.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-6.1-5.3-4.2-4.1+13.1+14.3+11.6+4.7+2.6-7.3————
Up moveDown movePending
AI summary
Board on Sept 8, 2026 approved amendments to the merger scheme with ALTRR Software Services (TCCs wholly owned subsidiary). Changes follow shareholder approval via postal ballot and incorporate a stock split (1 share of Rs 10 into 5 shares of Rs 2) and amendment to MOA object clause. No new shares issued as TCC holds 100 percent of ALTRR. ALTRR FY26 turnover about Rs 1,272 lacs; TCC consolidated about Rs 17,939 lacs.
Likely market impact
No change in shareholding; merger simplifies group structure by absorbing wholly owned subsidiary into TCC.