Tourism Finance Corporation of India Limited has informed the Exchange about Shareholders meeting
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Tourism Finance Corporation of India has notified the 36th AGM to be held on August 21, 2025 at 11:00 AM via video conferencing. Shareholders will vote on ordinary items including adoption of FY25 audited financial statements, declaration of a dividend, and re-appointment of director Shri Parkash Chand. Three special business items are also on the agenda: (1) approval to issue non-convertible bonds/debentures up to Rs. 1,000 crore via private placement in one or more tranches; (2) sub-division (stock split) of equity shares from face value Rs. 10 to Rs. 2, turning each share into 5 shares (current equity capital of 9.26 crore shares will become 46.30 crore shares, total value unchanged at ~Rs. 92.6 crore); and (3) appointment of M/s Arun Kumar Gupta & Associates as Secretarial Auditor for a 5-year term from FY26 to FY30. The record date for e-voting eligibility is August 14, 2025, and the e-voting window runs August 18-20, 2025.
If approved, the 1:5 stock split would make shares more affordable and improve liquidity, which is generally positive for retail participation. The Rs. 1,000 crore NCD raise indicates plans to expand lending or refinance borrowings, which could support business growth but also increases leverage. A dividend declaration would be a direct cash benefit for shareholders.