TCC Concept dispatches postal ballot for 1:5 share split, MoA tweaks
TCC Concept Limited seeks shareholder approval for a 1:5 share split and MoA amendments to diversify into IT, AI, and logistics. The postal ballot includes resolutions for director remuneration and related-party transactions, with e-voting open from July 24 to August 22, 2026.
*this image is generated using AI for illustrative purposes only.
TCC Concept Limited has dispatched its postal ballot notice to shareholders seeking approval for a 1:5 sub-division of equity shares and significant amendments to its Memorandum of Association (MoA). The move aims to enhance share liquidity by reducing the face value from ₹10 to ₹2 per share while expanding the company’s legal scope to include information technology, artificial intelligence, and logistics. Remote e-voting commences on July 24, 2026, and concludes on August 22, 2026, with results expected by August 25, 2026.
The proposals require shareholder approval under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013. The postal ballot notice was issued electronically on July 23, 2026, to members holding shares as of the July 17, 2026 cut-off date. The company engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) to facilitate the e-voting process. Mr. Chirag Sachapara, a practicing company secretary, was appointed as the scrutinizer for the ballot.
Share Split and Capital Structure
The approved sub-division will split each existing ₹10 equity share into five shares of ₹2 each. This adjustment does not alter the total authorized or paid-up capital but increases the number of shares in circulation, potentially broadening retail participation. The total authorized capital remains at ₹60 crore, while the issued and paid-up capital stands at ₹47.53 crore.
| Capital Type | Pre-Split Shares | Face Value (₹) | Post-Split Shares | New Face Value (₹) |
|---|---|---|---|---|
| Authorised | 6,00,00,000 | 10 | 30,00,00,000 | 2 |
| Issued & Paid-up | 4,75,28,061 | 10 | 23,76,40,305 | 2 |
MoA Amendments and Diversification
The board also proposed altering the Object Clause of the MoA via a special resolution to permit operations in new sectors. These amendments align the company’s legal framework with its strategic diversification into:
- IT and Digital Solutions: Including AI, machine learning, data analytics, cloud computing, and software products.
- Logistics and Supply Chain: Covering transportation, freight forwarding, warehousing, and last-mile delivery.
- Retail and Commerce: Establishing retail stores, online marketplaces, and e-commerce platforms.
- Business Facilitation: Acting as intermediaries or consultants for commercial transactions and strategic alliances.
Additionally, shareholders are asked to approve material related-party transactions through an ordinary resolution.
Director Remuneration Approval
A separate special resolution seeks approval for the remuneration of non-executive director Abhishek Narbaria. His fixed remuneration is set at ₹3.60 crore for FY26, supplemented by a performance incentive not exceeding 3% of net profit. This appointment and compensation structure require explicit shareholder consent under the Companies Act.
Voting Process and Timeline
Shareholders can cast their votes via remote e-voting from July 24, 2026, at 9:00 AM IST to August 22, 2026, at 5:00 PM IST. Only members registered as of July 17, 2026, are eligible to vote. The scrutinizer’s report will be submitted upon completion of the voting period, and the final results will be declared on or before August 25, 2026. If approved, the resolutions will be deemed passed on the last day of the voting period, August 22, 2026.
Historical Stock Returns for TCC Concept
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.03% | -10.85% | -24.17% | -45.37% | -45.37% | -45.37% |
How might the reduction in face value from ₹10 to ₹2 impact TCC Concept's trading volume and retail investor participation in the immediate quarters following the split?
What specific competitive advantages or partnerships does TCC Concept plan to leverage to successfully enter the highly saturated AI and logistics sectors?
Could the significant remuneration package for non-executive director Abhishek Narbaria signal a shift in strategic leadership or operational focus for the company?
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