Submission of Revised outcome of Board Meeting in compliance with the Regulation 30 of SEBI (LODR), Regulations, 2015 held on 25th May, 2026
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TCFC Finance Limited filed a revised outcome of its Board Meeting held on May 25, 2026. The Board approved the audited standalone financial results for Q4 and full year ended March 31, 2026, with statutory auditors M/s. Desai Saksena & Associates issuing an unmodified (clean) opinion. The Board also fixed June 4, 2026 as the record date to give effect to a share capital reduction approved by NCLT Mumbai via order dated April 22, 2026. The company will cancel 5,33,334 equity shares of ₹10 each that it had been holding in itself — a legacy from a 1999 scheme of arrangement, since a company cannot legally hold its own shares. Paid-up capital will fall from ₹10.48 crore (1,04,82,129 shares) to ₹9.95 crore (99,48,795 shares), with no cash consideration to anyone. Total assets stood at ₹11,018.86 lakhs as on March 31, 2026.
Retail shareholders face no change in proportional ownership and receive no payout, as the cancelled shares were held by the company itself rather than by public investors. The reduction is essentially a balance-sheet cleanup and should be largely neutral for the stock, though it does shrink the reported equity base by roughly 5%.