Outcome of Board Meeting held on 25th may , 2026 pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
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TCFC Finance Limited reported a significant deterioration in FY2026, swinging to a net loss of ₹553.62 lakhs from a profit of ₹121.69 lakhs in FY2025. Total revenue turned negative at ₹(786.55) lakhs, primarily driven by large net fair value losses of ₹(352.68) lakhs (fair value changes of ₹(827.01) lakhs in Q4 alone). The Board also approved a 5.09% reduction in paid-up share capital from ₹10,48,21,290 to ₹9,94,87,950, cancelling 5,33,334 equity shares held by the company (treasury shares from a 1999 scheme). A Record Date of June 4, 2026 was fixed for the capital reduction. The statutory auditors issued an unmodified opinion on the results, and operating cash flow was negative at ₹(159.54) lakhs for the year.
TCFC Finance swung to a substantial loss driven by mark-to-market losses, raising concerns about operational profitability. The capital reduction is neutral to existing shareholders as it involves cancellation of treasury shares without consideration. The negative operating cash flow is a concern for near-term liquidity.