Tata Investment Corporation Limited (TICL) shares experienced a significant rally, surging 6.78% to reach ₹7,775.00 following the company's announcement of a 1:10 share split. The stock touched a new 52-week high of ₹7,794.00 during the trading session.

Share Split Details

TICL has set October 14, 2025, as the record date for its approved share subdivision. According to the company's filing with the stock exchanges, each existing equity share with a face value of ₹10.00 will be split into 10 shares with a face value of ₹1.00 each. This decision comes after shareholders approved the subdivision through a postal ballot on September 21, 2025, following the board's recommendation made on August 4, 2025.

Market Response

The market responded positively to the news, with TICL's stock opening at ₹7,388.00 against the previous close of ₹7,281.00. Trading volumes saw a substantial increase, with 3.16 lakh shares changing hands, generating a turnover of ₹239.34 crore.

Impact on Capital Structure

Post-split, TICL's authorized capital will remain unchanged at ₹60.00 crore. However, it will now comprise 60 crore ordinary shares of ₹1.00 each, instead of the previous 6 crore shares of ₹10.00 each. This change in the capital structure is reflected in the alterations made to the Capital Clause of both the Memorandum of Association and Articles of Association of the company.

Company Background

Tata Investment Corporation Limited, established in 1937, is a non-banking financial company that specializes in long-term investments in equity shares, debt securities, and mutual funds. The company's decision to split its shares is aimed at improving liquidity and making the stock more accessible to retail investors.

Regulatory Compliance

In compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, TICL has officially informed the stock exchanges about the record date for the share split. The company's Company Secretary and Chief Compliance Officer, Jamshed Patel, signed off on the regulatory filing, ensuring transparency and adherence to listing requirements.

The share split announcement has clearly sparked investor interest, as reflected in the significant price movement and increased trading activity. As the record date approaches, market participants will be closely watching how this corporate action impacts the stock's accessibility and liquidity in the coming weeks.

Tata Investment Corporation Limited (TICL) has successfully concluded its postal ballot process, with shareholders showing strong support for three key resolutions that will significantly impact the company's share structure and constitutional documents.

Voting Results

The remote e-voting process, which ran from August 23 to September 21, saw participation from a substantial portion of the company's 1,65,566 shareholders. The results, as reported by scrutinizer Sarvari Shah of Parikh & Associates, reveal overwhelming approval for all three resolutions:

1. Subdivision of Ordinary (Equity) Shares:

   • Passed as an Ordinary Resolution
   • Votes in favor: 3,85,98,177 (99.96%)
   • Votes against: 16,428 (0.04%)

2. Alteration of Capital Clause in Memorandum of Association:

   • Passed as a Special Resolution
   • Votes in favor: 3,85,96,987 (99.96%)
   • Votes against: 17,355 (0.04%)

3. Alteration of Capital Clause in Articles of Association:

   • Passed as a Special Resolution
   • Votes in favor: 3,85,97,487 (99.96%)
   • Votes against: 16,885 (0.04%)

Shareholder Participation

The voting process saw active participation across different shareholder categories:

Implications of the Resolutions

The approval of these resolutions paves the way for significant changes in Tata Investment Corporation's share structure:

1. The subdivision of equity shares is likely to increase the liquidity of the stock and make it more accessible to a broader range of investors.
2. The alterations to the Memorandum and Articles of Association will align these documents with the new share structure, ensuring legal and regulatory compliance.

Corporate Governance

TICL's adherence to corporate governance best practices is evident in the transparent conduct of the postal ballot process. The company utilized the e-voting platform provided by the National Securities Depository Limited (NSDL) and appointed an independent scrutinizer to oversee the voting process, ensuring fairness and accuracy.

Looking Ahead

With these resolutions now approved, Tata Investment Corporation Limited is poised to implement the share subdivision. Investors and market watchers will be keen to observe how these changes impact the stock's performance and accessibility in the coming months.

The company's next steps will likely include setting a record date for the share subdivision and updating its constitutional documents to reflect the approved changes. Shareholders and potential investors should stay tuned for further announcements from the company regarding the implementation timeline of these significant corporate actions.