TCFC Finance Ltd

📉 TCFC Finance Ltd Receives NCLT Approval for Capital Reduction

- NCLT approved capital reduction on April 22, 2026 under Section 66 of the Companies Act, 2013

- Share capital reduced from ₹10.48 crore (1,04,82,129 equity shares) to ₹9.95 crore (99,48,795 equity shares)

- 5,33,334 equity shares canceled with no payment made

- ₹53,33,340 transferred from paid-up equity share capital to retained earnings

- 17,418 equity shareholders voted, with 99.98% in favor

- Only one unsecured creditor with an outstanding amount of ₹15,000

- No objections from creditors or regulatory authorities