Tourism Finance Corporation of India Limited has informed the Exchange about Appointment Of Secretarial Auditors Of The Company
TFCILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tourism Finance Corporation of India (TFCILTD) announced two key decisions from its board meeting held on July 10, 2025. First, the board appointed M/s Arun Kumar Gupta & Associates, a peer-reviewed firm of practicing company secretaries, as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. Second, the board approved a 1:5 stock split, sub-dividing each equity share of face value Rs.10 into 5 equity shares of Rs.2 each, also subject to shareholder and regulatory approvals. The rationale cited is to enhance trading liquidity, improve affordability for retail investors, and broaden the shareholder base. Paid-up equity capital will stay unchanged at about Rs.92.6 crore, while the number of shares will rise from 9.26 crore to 46.3 crore. The split is expected to be completed within 2 months of receiving shareholder approval.
The 1:5 stock split lowers the per-share price, making the stock more accessible to small retail investors and likely boosting trading volumes, which is generally viewed positively by the market. The secretarial auditor appointment is a routine compliance matter with no governance concerns indicated.