TCFC Finance Limited will transfer equity shares associated with unpaid dividends from the financial year 2018-19 to the Investor Education and Protection Fund (IEPF) as the amount has remained unclaimed for seven consecutive years. The company informed the stock exchanges that it has published a newspaper advertisement on June 7, 2026, to notify shareholders regarding the impending transfer pursuant to the provisions of Sections 124(6) and 125 of the Companies Act, 2013 and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

The transfer process affects both physical and electronic shareholdings. For shareholders holding shares in physical form, duplicate share certificates will be issued and transferred to the IEPF, automatically cancelling the original certificates held by the shareholder. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer.

Shareholders have been advised that no claim will lie against the company once the dividend and shares are transferred to the IEPF. However, concerned shareholders can reclaim the shares and dividend from the IEPF authority by submitting an application in Form IEPF-5 online after obtaining an entitlement letter from the company.

The company has stated that individual notices have been dispatched to all affected shareholders, and detailed information is available on its website. TCFC Finance has requested that any valid claims be submitted on or before August 10, 2026, to prevent the transfer of assets to the IEPF without further notice.

TCFC Finance Limited has revised the record date for the reduction of its paid-up share capital to Monday, June 8, 2026. The date was initially fixed for Thursday, June 4, 2026, as per a board meeting held on May 25, 2026. The revision was approved through a Circular Resolution passed by the board on June 3, 2026, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The reduction follows an order passed by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, on April 22, 2026. It involves the cancellation and extinguishment of 5,33,334 equity shares of ₹10 each held by the company without payment of any consideration. Consequently, the issued, subscribed, and paid-up equity share capital will decrease from ₹10,48,21,290 divided into 1,04,82,129 equity shares to ₹9,94,87,950 divided into 99,48,795 equity shares.

Financial Performance

For the financial year ended March 31, 2026, the company reported a net loss of ₹181.51 crore, reversing its performance from the previous year when it recorded a net profit of ₹121.69 crore. Total revenue from operations for the full year was a negative ₹157.87 lakh, down from a positive ₹231.31 lakh in the prior year. The basic and diluted earnings per share (EPS) for the year was negative ₹1.73, compared to a positive EPS of ₹1.16 in the previous year.

Asset Position

As per the statement of assets and liabilities, the company's total assets stood at ₹11,018.86 lakh as of March 31, 2026, compared to ₹11,341.36 lakh in the previous year. Equity share capital remained at ₹1,048.21 lakh, while other equity decreased to ₹9,674.24 lakh from ₹9,853.79 lakh in the prior year. Cash and cash equivalents improved to ₹45.06 lakh from ₹10.02 lakh at the end of the previous financial year.