TCC Concept Ltd Announces Share Subdivision and Key Amendments to Memorandum of Association
The Board of Directors of TCC Concept Ltd held a meeting on July 21, 2026, during which it reviewed and approved significant changes related to the company’s equity structure and Memorandum of Association (MOA). These decisions include the sub-division of existing shares and the addition of new business objectives to the MOA.The board meeting commenced at 4:30 P.M. IST and concluded at 5:00 P.M. IST on the specified date.
Details of Equity Share Subdivision
The company decided upon the sub-division of its existing equity shares. The details of the split stipulate that each equity share, which had a face value of Rs 10 (Rupees Ten only) and was fully paid up, will be divided into five equity shares, each having a face value of Rs 2 (Rupees Two only) and being fully paid up.The rationale provided for the subdivision is to make the company’s equity shares more affordable and improve liquidity, thereby encouraging broader participation by investors, particularly retail and individual investors.
Financial details regarding the pre and post subdivision share capital are as follows:
| Type of Capital | Metric | Pre Subdivision Details | Post Subdivision Details |
|---|---|---|---|
| Authorized Share Capital | No. of Equity Shares | 6,00,00,000 | 3,00,00,000 |
| Face Value (Rs) | 10 | 2 | |
| Total Share Capital (Rs) | 60,00,00,000 | 60,00,00,000 | |
| Issued and Paid-up Share Capital | No. of Equity Shares | 4,75,28,061 | 23,76,40,305 |
| Face Value (Rs) | 10 | 2 | |
| Total Share Capital (Rs) | 47,52,80,610 | 47,52,80,610 |
The company holds only one class of equity shares. The expected time for the completion of these processes is within prescribed timelines.
Amendments to Memorandum of Association
The Board also approved alterations to the Object Clause of the Company’s Memorandum of Association (MOA) and amended the authorized share capital clause.The Authorized Share Capital previously stood at Rs 40,00,00,000 divided into 4,00,00,000 equity shares of Rs 10 each. This has been modified, and the company’s Authorized Share Capital is now set at Rs 60,00,00,000, which is divisible into 3,00,00,000 Equity Shares of Rs 2 each.
In addition to these changes, new business objectives were added after Clause 3 (a) 1. of the MOA, including:
- Conducting business in information technology solutions, IT enabled services (ITES), software products, and digital platforms, such as artificial intelligence (AI) and machine learning.
- Identifying, sourcing, and executing commercial transactions and projects for various entities, acting as brokers or intermediaries.
- Associating with logistics, storage, distribution, mile delivery, commerce logistics, and infrastructure lease fulfillment transport chain authorities.
TCC Stock Price Movement
Today, shares of TCC Concept Limited edged higher to close at ₹289.35 after gaining 1.53%, concluding a volatile trading session. The equity traded 22,567 shares today, following the stock’s intense movement toward its 52-week low near ₹281.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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