Order received from NCLT for admission of Application
Price
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TCFC Finance Ltd has received an NCLT order admitting its petition to reduce equity share capital under Section 66 of the Companies Act, 2013. The company plans to cancel 5,33,334 treasury shares of INR 10 each (total INR 53.33 lakh), reducing paid-up capital from INR 10.48 crore (1,04,82,129 shares) to INR 9.95 crore (99,48,795 shares). The cancelled value will be transferred to retained earnings. The NCLT has directed the company to serve notices to creditors, MCA, ROC, RBI, and Income Tax authorities, and publish notices in Financial Express and a regional newspaper. The next hearing is scheduled for March 20, 2026.
This is a routine capital restructuring to cancel treasury shares already held by the company, with no impact on existing shareholders' holdings or value. No new shares are being issued or cancelled from public shareholders, so there is no dilution or loss to investors.