Intimation regarding Approval of Selective Capital Reduction and cut-off Date for giving Effect to the Reduction
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TCFC Finance has received approval from the NCLT Mumbai bench for a selective capital reduction scheme under an order dated 22 April 2026. The scheme involves cancellation of 5,33,334 shares that are currently held by the company in its own name (treasury shares). The Board has fixed 8 June 2026 as the cut-off date, and the reduction will be implemented based on the shareholding position as of the close of business on that date. Since these are shares already held by the company itself, no shareholder action is required and no equity is being returned to public investors.
This is a housekeeping action that marginally increases the company's earnings per share by reducing the total share count, but has no material effect on retail shareholders' holdings or value, as the cancelled shares were already held in treasury.