Intimation pertaining to Record date for Reduction of Share Capital
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TCFC Finance Ltd has fixed June 4, 2026 as the Record Date for implementing a reduction in its paid-up share capital. The capital will be reduced from ₹10.48 crore to ₹9.95 crore following an NCLT order. The reduction involves cancellation of 5,33,334 equity shares of ₹10 each that the company held in its own treasury. These shares originated from a 1999 scheme of arrangement where TCFC Finance received its own shares, which is not permitted under the Companies Act. The cancellation is being done without any payment of consideration to shareholders. The company also reported audited financial results showing a net loss of ₹552.80 lakhs for FY2026 compared to a profit of ₹120.12 lakhs in the previous year.
This capital reduction will slightly reduce the total number of shares in the market (from 1.05 crore to 99.5 lakh shares). As no consideration is being paid, existing shareholders will see a marginal increase in their ownership percentage per share. The company reported significant losses in FY2026, which may be a concern for investors.