TCFC Finance Completes Share Capital Reduction; Board Approves Financial Results for FY2025-26
TCFC Finance Ltd has confirmed a reduction in its paid-up share capital, following an order by the National Company Law Tribunal (NCLT), Mumbai Bench. The company also announced the approval of its audited standalone financial results for the quarter and year ended March 31, 2026.The Board of Directors finalized several key decisions related to corporate structure and performance in May 2026. A significant element of this involved fixing a record date for the capital reduction process that was approved by the NCLT, Mumbai Bench on April 22, 2026.
Capital Structure Reduction Details
The company's issued share capital is being reduced as a result of cancelling and extinguishing equity shares held by the Company itself, pursuant to the NCLT order.According to the details provided, the reduction results in the following transformation in the company’s paid-up capital:
| Particulars | Pre-Corporate Action | Post Corporate Action |
|---|---|---|
| Issued and Subscribed Share Capital (a) | 1,04,82,129 Equity Shares of INR 10 each | 99,48,795 Equity Shares of INR 10 each |
| Paid-up Share Capital (a) | INR 10,48,21,290 | INR 9,94,87,950 |
The capital reduction involved the cancellation of 5,33,334 Equity Shares of INR 10/- each that were held by TCFC Finance Limited.
Financial Performance and Audit Status
In addition to the share capital restructuring, the Board approved the Audited Standalone Financial Results of the Company for the Quarter and Year ended March 31, 2026. The results were audited by M/s. Desai Saksena & Associates, Chartered Accountants. The company also issued a declaration confirming that the Statutory Auditors had provided an unmodified opinion on the Audited Financial Results (Standalone) for the year ended March 31, 2026.Capital Details Update
The details of the share capital movement before and after the corporate action are summarized below:| Particulars | Pre-Corporate Action | Post Corporate Action |
|---|---|---|
| Authorized Share Capital (a) Equity Shares of INR 10 each. Number of Equity Shares; Amount (in INR) | 2,50,00,000 / 25,00,00,000 | 2,50,00,000 / 25,00,00,000 |
| Issued and Subscribed Share Capital (a) Equity Shares of INR 10 each. Number of Equity Shares; Amount (in INR) | 1,04,82,129 / 10,48,21,290 | 99,48,795 / 9,94,87,950 |
| Paid-up Share Capital (a) Equity Shares of INR 10 each. Number of Equity Shares; Amount (in INR) | 1,04,82,129 / 10,48,21,290 | 99,48,795 / 9,94,87,950 |
The record date fixed for giving effect to the reduction of paid-up share capital was set as Thursday, June 4, 2026.
Stock Price Movement
TCFC Finance Ltd shares settled on Thursday at ₹27.08, dipping by 0.29% as the market closed out the trading day. The stock experienced considerable movement throughout the session, tracking between a low of ₹26.99 and an intraday high of ₹30.00.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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