TCC Concept Limited Approves Financial Results and Unveils Merger Plan with Subsidiary Altrr Software Services
TCC Concept Limited has released its unaudited financial results for the quarter ended June 30, 2026. In a significant corporate development, the company also approved a scheme of amalgamation by way of merger by absorption involving itself and its wholly owned subsidiary, Altrr Software Services Limited.The Board of Directors of TCC Concept Limited considered and approved these matters during a meeting held on July 31, 2026.
Q1 FY27 Financial Performance Summary
TCC reported the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. These results were subjected to limited review by statutory auditors Mehra Goel & Co. LLP.Key figures from the Unaudited Standalone Financial Results (all amounts in lakhs) are presented below:
| Metric | Quarter Ended June 30, 2026 | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Revenue from Operations | 171,236 | 202,495 | 107,754 | 632,725 |
| Total Income | 184,906 | 216,876 | 120,842 | 691,340 |
| Total Expenses | 123,190 | 138,440 | 56,350 | 369,690 |
| Profit Before Tax | 143,303 | 170,237 | 51,731 | 551,866 |
| Total Comprehensive Income | 125,589 | 68,560 | 68,560 | 410,750 |
The Unaudited Consolidated Financial Results for the quarter ended June 30, 2026, show a total income of 13,129.62 lakhs, with expenses totaling 11,927.01 lakhs. Profit before tax stood at 1,202.61 lakhs.
Amalgamation Scheme Details
TCC Concept Limited and its wholly owned subsidiary, Altrr Software Services Limited (ALTRR), have approved a Scheme of Amalgamation by way of Merger by Absorption. The scheme involves the absorption of ALTRR into TCC Concept Limited.The rationale provided for this proposed merger includes:
- Consolidation: To achieve consolidation and integration of the business operations between the two entities and streamline management.
- Synergies: Eliminating duplicative functions and processes, leading to administrative synergies and a reduction in legal regulatory compliance requirements.
- Financial Strength: Facilitating optimal utilization of cash flows through eliminating inter company transactions, thereby strengthening the financial position of TCC Concept Limited.
The Scheme involves the amalgamation of ALTRR with TCC. The Transferor Company (ALTRR) is primarily engaged in AI backed solutions, having developed a data analytical platform branded as TryThat.ai for real estate stakeholders and customers. The Transferee Company (TCC) is described as a diversified technology-driven enterprise operating across multiple verticals, including AI, digital infrastructure, logistics, and e-commerce.
The merger is intended to be in the interest of both companies and their respective shareholders and creditors. There is no consideration involved in the amalgamation, as TCC Concept Limited holds 100% of ALTRR's equity shares.
TCC Stock Price Movement
Today, TCC Concept Limited shares gained, settling at ₹289.65 after climbing 1.27%. The stock saw a volume of 142,149 shares traded as the market closed.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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