TCFC Finance has informed that the Board of Directors of TCFC had approved the Scheme of Selective Capital Reduction of the Paid up Share Capital between the Company, its shareholders under Section 66 and other applicable provisions of the Companies Act, 2013 (Act) (the scheme) which provides for reduction and reorganization of Capital of the Company. In this regard, vide letter dated May 15, 2025, BSE has issued Observation Letter as required under Regulation 37 of the Listing Regulations with ‘No adverse observation/ No objection’, to the proposed Scheme. Copy of observation letter of BSE is attached. The Scheme of Selective Capital reduction remains subject to statutory and regulatory approvals.
The above information is a part of company’s filings submitted to BSE.
