Tourism Finance Corporation of India Limited has informed the Exchange that the Board of Directors at its meeting held on July 10, 2025, has considered and approved subdivision of 92595448 equity shares of 10 each into 462977240 equity shares of 2 each.
TFCILTD · price
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The Board of Directors of Tourism Finance Corporation of India Limited (TFCILTD), at its meeting on July 10, 2025, approved a sub-division/split of equity shares in the ratio of 1:5. Each existing equity share with a face value of Rs.10 will be split into 5 equity shares with a face value of Rs.2 each. Post-split, the number of equity shares will increase from 9,25,95,448 to 46,29,77,240, while the total paid-up equity capital remains unchanged at Rs.92,59,54,480. The split aims to enhance liquidity, improve affordability for retail investors, and broaden the shareholder base. Additionally, M/s Arun Kumar Gupta & Associates was appointed as the Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The stock split is subject to shareholder approval at the upcoming AGM and other regulatory clearances, with expected completion within 2 months of approval. The record date will be intimated later.
The stock split reduces the per-share price, making the stock more affordable and accessible to retail investors, which should improve liquidity and trading volumes. Existing shareholders will own 5 times more shares, but the overall value of their holdings remains unchanged. This is typically viewed as a positive sentiment signal but is fundamentally a cosmetic change.