TCFC Finance Ltd Completes NCLT Approval for Selective Capital Reduction and Share Cancellation
TCFC Finance Limited announced that the National Company Law Tribunal (NCLT) has approved its Scheme of Selective Capital Reduction. The approval was granted by the Hon'ble NCLT, Mumbai Bench-I, via an Order dated 22 April, 2026.The scheme involves the cancellation of shares held by TCFC Finance Limited in its own name. As part of the process, the approved Scheme pertains to 5,33,334 shares.
Following the NCLT approval and the terms of the scheme, the Board of Directors of TCFC Finance Limited has fixed a cut-off date for implementing the selective reduction. The designated cut-off date is 08 June, 2026.
The selective capital reduction will be implemented based on the shareholding position as recorded at the close of business hours on 08 June, 2026. Shareholders have been informed regarding the implementation of the approved capital reduction.
Stock Price Movement
TCFC Finance Ltd closed the trading session today at ₹27.25, as shares edged higher after gaining 0.63%. The stock saw movement through a notable intraday range, hitting a low of ₹26.00 but ultimately settling near its high of ₹27.25.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.