TCC Concept Limited shareholders approved an equity share split, alterations to the Memorandum of Association, and material related-party transactions through a postal ballot process concluding on August 22, 2026.

The resolutions were passed via remote e-voting conducted between July 24, 2026, and August 22, 2026, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Scrutinizer Chirag Sachapara of Sachapara & Associates confirmed that all five proposed resolutions received the requisite majority of votes.

Voting Results Overview

The voting process saw significant participation from promoter groups and public non-institutional investors. The total number of votes polled across all resolutions was 26,083,399, representing 54.88% of the outstanding shares held as on the cut-off date of July 17, 2026.

Shareholder Participation Details

Promoter and promoter group entities held 21,714,081 shares and polled 17,558,531 votes, accounting for approximately 80.86% of their holdings. Public institutions held 2,325,752 shares and polled 1,114,321 votes (47.91%). Public non-institutional shareholders held 23,488,228 shares and polled 7,410,547 votes (31.55%).

The resolution to fix the remuneration of non-executive director Mr. Abhishek Narbaria (DIN: 01873087) received 87.86% support. While promoters voted unanimously in favour, public non-institutional shareholders showed a split vote, with 57.25% supporting and 42.75% opposing the measure. Despite this opposition from a segment of public investors, the resolution passed due to strong promoter backing.

What the Numbers Show

The voting data reveals a clear divergence in shareholder sentiment regarding director remuneration versus structural corporate changes. While resolutions for the share split and MoA alterations achieved near-unanimous support (exceeding 99.99%), the remuneration fix for Mr. Narbaria faced notable resistance from public non-institutional investors, who opposed it by 42.75%. This suggests that while shareholders broadly endorse the company’s capital structure adjustments, there is specific scrutiny regarding executive compensation costs within the public investor base.

The material related-party transaction resolution was passed with 99.99% support from valid votes cast. However, the data indicates that 16,794,502 votes from the promoter group were declared invalid for this specific resolution, likely due to abstention or procedural disqualification under related-party voting norms. Consequently, the approval relied entirely on public institutional and non-institutional shareholders, who provided overwhelming support.

TCC Concept Limited has entered into a Memorandum of Understanding (MOU) to acquire a land parcel at Rajiv Gandhi Infotech Park, Hinjewadi, Pune, for the development of a next-generation data centre campus with a planned IT load capacity of up to 60 MW. The deal, executed by wholly owned subsidiary NES Data Private Limited, expands the company’s digital infrastructure footprint from its existing 4 MW enterprise data centre in Pune. This acquisition supports TCC Concept’s medium-term strategic objective of building an aggregate data centre capacity of 100 MW, positioning the firm to capture growing demand from AI, cloud computing, and hyperscale infrastructure sectors.

The transaction is subject to the completion of due diligence, execution of definitive agreements, and receipt of customary statutory and regulatory approvals. The press release was issued on August 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Isha Arora, Company Secretary & Compliance Officer, signed the disclosure submitted to BSE Limited and the National Stock Exchange of India Limited (NSE).

Expansion Metrics

The proposed campus will be developed in phases, incorporating global standards for reliability, sustainability, and energy management. The location within the Special Economic Zone (SEZ) offers robust power availability, fibre connectivity, and proximity to leading technology companies. Umesh Sahay, Chairman and Managing Director, stated that the investment strengthens the company’s position in India’s fast-growing technology sector and aims to create long-term value for shareholders.

What the Numbers Show

The move from a 4 MW operational base to a proposed 60 MW campus represents a potential 15-fold increase in capacity per project phase. By targeting an aggregate 100 MW capacity, TCC Concept is shifting from niche enterprise colocation to hyperscale infrastructure. This scale allows the company to serve larger cloud service providers and AI firms that require significant power and connectivity, which are critical constraints in the current data centre market.