Tourism Finance Corporation of India Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
TFCILTD · price
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The board of Tourism Finance Corporation of India (TFCILTD) has approved two key items at its meeting on July 10, 2025. First, a sub-division/split of equity shares in the ratio of 1:5, where one equity share of face value Rs.10 will be split into five equity shares of face value Rs.2 each. The paid-up equity share capital of Rs.92.59 crore will remain unchanged, but the number of shares will increase from approximately 9.26 crore to around 46.30 crore. The split aims to enhance liquidity, improve affordability for retail investors, and broaden shareholder participation. The record date will be announced later, with completion expected within two months of shareholder and regulatory approvals. Second, the board appointed M/s Arun Kumar Gupta & Associates as Secretarial Auditor for a five-year term from FY2025-26 to FY2029-30, subject to AGM approval. The amendment to the Memorandum of Association (Capital Clause) supports these changes.
For shareholders, the 1:5 stock split will not change the total value of their holdings but will make each share more affordable (from Rs.10 face value to Rs.2), potentially improving liquidity and retail participation in the stock. Existing shareholders will automatically receive 5 shares for every 1 share held once the record date is set. The stock may see short-term price adjustment (price likely to adjust downward proportionally) and improved trading activity post-split.