Tourism Finance Corporation of India has fixed Friday, August 14, 2026, as the record date for determining member entitlement to the dividend for FY2025-26. This action establishes the cut-off for shareholders seeking eligibility for the payout, which is subject to formal declaration at the company’s upcoming Annual General Meeting (AGM). The move provides clarity on the timeline for dividend distribution, allowing investors to plan their holdings accordingly ahead of the final approval process.

The company will convene its 37th AGM on Friday, August 21, 2026, at 11:00 a.m. The meeting will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM), in compliance with regulatory guidelines. During this session, shareholders will vote on the business items, including the declaration of the dividend as recommended by the Board of Directors.

To facilitate shareholder participation, Tourism Finance Corporation of India has arranged for remote e-voting and venue e-voting facilities in accordance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management & Administration) Rules, 2014. Central Depository Services (India) Limited (CDSL) will provide the e-voting services. The remote voting window opens on August 18, 2026, at 9:00 a.m. (IST) and closes on August 20, 2026, at 5:00 p.m. (IST).

Shareholders must hold their shares as of the cut-off date of Friday, August 14, 2026, to be eligible to cast electronic votes at the AGM. This dual purpose of the date—serving as both the record date for dividend entitlement and the eligibility cut-off for voting—highlights its importance for investors holding equity in the company.

Key Dates for Shareholders

The intimation was issued pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, ensuring timely disclosure to the stock exchanges. Sanjay Ahuja, Company Secretary, signed the communication dated July 29, 2026, confirming the procedural compliance and timeline adherence for the upcoming corporate actions.

Tourism Finance Corporation of India will hold its 37th Annual General Meeting on August 21, 2026, to secure shareholder approval for raising debt capital up to ₹1,200 crore through private placement of non-convertible debentures. The meeting, scheduled for 11:00 a.m. (IST) via Video Conferencing or Other Audio-Visual Means, also addresses the appointment of Anoop Bali as Managing Director and the re-appointment of Aditya Kumar Halwasiya as a Non-Executive Non-Independent Director.

The Board of Directors seeks a special resolution under Sections 42 and 71 of the Companies Act, 2013, read with the Companies (Prospectus and Allotment of Securities) Rules, 2014, and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. This approval allows the company to issue bonds and non-convertible debentures in one or more tranches over the next year, subject to RBI guidelines and existing borrowing limits. The move aims to provide cost-effective funding flexibility for business growth compared to public issues.

Key Resolutions for Approval

Shareholders will vote on ordinary and special business items critical to corporate governance and capital structure:

Anoop Bali’s appointment as Managing Director is effective from June 1, 2026, to May 31, 2028. His remuneration includes an all-inclusive cost to the company of ₹2.50 crore per annum, plus incentives decided by the Board annually. He is also eligible for stock options under any Employee Stock Option Plan (ESOP) with prior Nomination and Remuneration Committee/Board approval. In the event of inadequate profits, his remuneration will be paid as minimum remuneration under Schedule V of the Companies Act, 2013.

Governance and Operational Updates

The company proposes altering its Articles of Association to delete clauses related to the common seal, aligning with the Companies (Amendment) Act, 2015, which removed the mandatory requirement for a common seal. This change simplifies contract execution and enhances operational efficiency.

Aditya Kumar Halwasiya, who holds 4,08,92,000 equity shares (8.83% of paid-up capital), retires by rotation but offers himself for re-appointment. He serves as a promoter and Managing Director of Cupid Ltd. and brings expertise in debt instruments and capital market investments.

Shareholder Instructions

Remote e-voting begins on August 18, 2026, at 9:00 a.m. (IST) and ends on August 20, 2026, at 5:00 p.m. (IST). The record date for determining voting eligibility is August 14, 2026. Shareholders holding shares in demat mode can vote through their Depository Participants (CDSL/NSDL) using single login credentials. Physical shareholders must log in via the CDSL e-voting platform using their folio number.

Dividend payment details are linked to the record date of August 14, 2026. Tax Deducted at Source (TDS) will be applied as per the Income-Tax Act, 2025. Resident individuals receiving dividends exceeding ₹10,000 without updated PAN details face a 20% TDS rate. Non-resident investors may avail beneficial tax treaty rates by submitting required documentation by August 14, 2026.