Annual Report for the Financial Year 2024-2025
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TCFC Finance Limited has submitted its 34th Annual Report for FY 2024-25 to BSE, along with the notice for its 34th Annual General Meeting scheduled for Friday, September 26, 2025, at 11:00 a.m. via video conferencing. Key resolutions to be tabled at the AGM include: (1) adoption of audited standalone financial statements; (2) re-appointment of Mr. Dharmil Bodani as a director retiring by rotation; (3) re-appointment of Mrs. Tania Deol as Managing Director & CEO for 5 years from July 1, 2026 to July 1, 2031, with a proposed monthly salary of Rs. 2,18,200 plus 1% commission on net profits; (4) appointment of M/s. Aabid & Co. as Secretarial Auditor for five years from FY 2025-26 to FY 2029-30; and (5) a capital reduction proposal to cancel 5,33,334 equity shares currently held by the company itself (treasury shares), reducing paid-up share capital from Rs. 10.48 crore to Rs. 9.95 crore without any consideration.
The capital reduction is essentially a cancellation of treasury shares with no cash outflow, which is generally neutral for shareholders and can marginally improve earnings per share. The MD & CEO re-appointment with a 1% net profit commission ties management compensation to company performance, which is shareholder-friendly.