TCFC Finance Limited Publishes Newspaper Notices on NCLT-Approved Share Capital Reduction
TCFC Finance Limited published newspaper notices on 12th May, 2026, informing stakeholders of the NCLT Mumbai Bench approval of its share capital reduction scheme. The NCLT order dated 22nd April, 2026 was registered by the RoC on 8th May, 2026, following shareholder approval via Special Resolution on 26th September, 2025. The scheme reduces the company's paid-up equity share capital from INR 10,48,21,280 to INR 9,94,67,950, and the number of equity shares from 1,04,82,129 to 99,46,795 shares of INR 10 each. The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
TCFC Finance Limited has published newspaper notices in Financial Express and Mumbai Lakshwadeep, informing stakeholders about the registration of the order issued by the Ministry of Corporate Affairs through the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, approving the scheme of reduction in share capital of the company. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was submitted to BSE Limited on 12th May, 2026.
NCLT Order and Regulatory Timeline
The NCLT Mumbai Bench - I passed the order confirming the reduction of share capital on 22nd April, 2026, in the matter of Company Petition CP No. 285 (MB) of 2025. The certified true copy of the order was received on 4th May, 2026. Subsequently, the NCLT order was filed with the Registrar of Companies (RoC), Mumbai, Maharashtra in Form-28, and was duly registered by the RoC on 8th May, 2026. The reduction scheme had earlier been approved by the shareholders of the company through a Special Resolution on 26th September, 2025.
The key milestones in the regulatory process are summarised below:
| Event: | Details |
|---|---|
| NCLT Order Date: | 22nd April, 2026 |
| Certified True Copy Received: | 4th May, 2026 |
| Shareholders' Special Resolution: | 26th September, 2025 |
| RoC Registration Date: | 8th May, 2026 |
| Newspaper Notice Publication Date: | 12th May, 2026 |
Approved Form of Minutes: Revised Share Capital Structure
The Form of Minutes approved by the Tribunal under Section 66(5) of the Companies Act, 2013 sets out the revised capital structure of TCFC Finance Limited. The issued, subscribed, and paid-up equity share capital of the company has been reduced as detailed in the table below:
| Parameter: | Pre-Reduction | Post-Reduction |
|---|---|---|
| Paid-Up Equity Share Capital: | INR 10,48,21,280 | INR 9,94,67,950 |
| Number of Equity Shares: | 1,04,82,129 | 99,46,795 |
| Face Value per Share: | INR 10 | INR 10 |
The reduction brings the total number of equity shares from 1,04,82,129 (One Crore Four Lakhs Eighty Two Thousand One Hundred and Twenty Nine) to 99,46,795 (Ninety Nine Lakhs Forty Six Thousand Seven Hundred and Ninety Five) equity shares of INR 10 each, with the paid-up capital correspondingly reduced from INR 10,48,21,280 (Indian Rupees Ten Crores Forty Eight Lakhs Twenty One Thousand Two Hundred and Eighty only) to INR 9,94,67,950 (Indian Rupees Nine Crores Ninety Four Lakhs Sixty Seven Thousand Nine Hundred and Fifty only).
Disclosure and Compliance
The notice was signed by Zinal M. Shah, Company Secretary & Compliance Officer of TCFC Finance Limited, and submitted to the Department of Corporate Services, BSE Limited. The company has also made this information available on its official website at www.tcfcfinance.com . TCFC Finance Limited is registered under CIN No. L65990MH1990PLC057923 and has its registered office at 501/502, Raheja Chambers, Nariman Point, Mumbai - 400021.
Historical Stock Returns for TCFC Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.20% | -0.53% | +5.39% | -33.79% | -40.16% | +10.61% |
How might the reduction of approximately 5.1 lakh equity shares impact TCFC Finance's earnings per share and overall shareholder value in upcoming quarterly results?
Will TCFC Finance pursue additional capital restructuring measures or corporate actions following the completion of this share capital reduction scheme?
How could the reduced share capital structure affect TCFC Finance's ability to raise fresh equity capital or secure credit facilities in the near term?
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