Notice of 34th Annual General Meeting held on 26th September, 2025 at 11.00 am through Video Conferencing
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TCFC Finance Limited has called its 34th AGM for Friday, 26th September 2025 at 11:00 AM via video conferencing. The agenda includes adopting FY 2024-25 audited financial statements and re-appointing Mr. Dharmil Bodani (Non-Executive Chairman) who retires by rotation. Key special business items include re-appointing Mrs. Tania Deol as Managing Director & CEO for 5 years (July 2026 to July 2031) at a monthly salary of Rs. 2.18 lakh plus 1% net profit commission, appointing M/s. Aabid & Co. as Secretarial Auditor for 5 years (FY26 to FY30), and a special resolution to reduce share capital by cancelling 5,33,334 treasury shares held by the company itself, bringing paid-up equity capital down from Rs. 10.48 crore to Rs. 9.95 crore (subject to NCLT approval). Remote e-voting runs from 23rd-25th September 2025, with the cut-off date set as 19th September 2025.
The capital reduction is purely a housekeeping exercise to cancel treasury shares already held by the company — no cash outflow, no shareholder dilution, and no change in economic value per share. The MD re-appointment signals leadership continuity. Notably, no dividend has been proposed for FY 2024-25, which may be a mild disappointment for income-focused shareholders.