Standard Industries Reports Wider FY26 Net Loss; Board Appro...
Source: scanx.trade
TCFC Finance Limited has published newspaper notices in Financial Express and Mumbai Lakshwadeep, informing stakeholders about the registration of the order issued by the Ministry of Corporate Affairs through the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, approving the scheme of reduction in share capital of the company. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was submitted to BSE Limited on 12th May, 2026.
NCLT Order and Regulatory Timeline
The NCLT Mumbai Bench - I passed the order confirming the reduction of share capital on 22nd April, 2026, in the matter of Company Petition CP No. 285 (MB) of 2025. The certified true copy of the order was received on 4th May, 2026. Subsequently, the NCLT order was filed with the Registrar of Companies (RoC), Mumbai, Maharashtra in Form-28, and was duly registered by the RoC on 8th May, 2026. The reduction scheme had earlier been approved by the shareholders of the company through a Special Resolution on 26th September, 2025.
The key milestones in the regulatory process are summarised below:
Event: Details NCLT Order Date: 22nd April, 2026 Certified True Copy Received: 4th May, 2026 Shareholders' Special Resolution: 26th September, 2025 RoC Registration Date: 8th May, 2026 Newspaper Notice Publication Date: 12th May, 2026
Approved Form of Minutes: Revised Share Capital Structure
The Form of Minutes approved by the Tribunal under Section 66(5) of the Companies Act, 2013 sets out the revised capital structure of TCFC Finance Limited. The issued, subscribed, and paid-up equity share capital of the company has been reduced as detailed in the table below:
Parameter: Pre-Reduction Post-Reduction Paid-Up Equity Share Capital: INR 10,48,21,280 INR 9,94,67,950 Number of Equity Shares: 1,04,82,129 99,46,795 Face Value per Share: INR 10 INR 10
The reduction brings the total number of equity shares from 1,04,82,129 (One Crore Four Lakhs Eighty Two Thousand One Hundred and Twenty Nine) to 99,46,795 (Ninety Nine Lakhs Forty Six Thousand Seven Hundred and Ninety Five) equity shares of INR 10 each, with the paid-up capital correspondingly reduced from INR 10,48,21,280 (Indian Rupees Ten Crores Forty Eight Lakhs Twenty One Thousand Two Hundred and Eighty only) to INR 9,94,67,950 (Indian Rupees Nine Crores Ninety Four Lakhs Sixty Seven Thousand Nine Hundred and Fifty only).
Disclosure and Compliance
The notice was signed by Zinal M. Shah, Company Secretary & Compliance Officer of TCFC Finance Limited, and submitted to the Department of Corporate Services, BSE Limited. The company has also made this information available on its official website at www.tcfcfinance.com . TCFC Finance Limited is registered under CIN No. L65990MH1990PLC057923 and has its registered office at 501/502, Raheja Chambers, Nariman Point, Mumbai - 400021.
TCFC Finance Limited has fulfilled its quarterly regulatory compliance obligations by submitting the mandatory certificate under SEBI regulations to BSE Limited. The submission, dated 6th April, 2026, pertains to the quarter ended 31st March, 2026 and demonstrates the company's adherence to depositories and participants regulations.
Regulatory Compliance Submission
The certificate was submitted under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018, which governs the handling of dematerialized securities. Company Secretary & Compliance Officer Zinal Shah signed the submission letter to BSE Limited, ensuring proper documentation of the regulatory requirement.
Parameter: Details Regulation: SEBI (Depositories & Participants) Regulations, 2018 - Section 74(5) Quarter: Q4FY26 (ended 31st March, 2026) Submission Date: 6th April, 2026 Registrar: MUFG Intime India Private Limited
Registrar Confirmation Details
MUFG Intime India Private Limited, formerly known as Link Intime India Pvt Ltd, serves as the Registrar and Share Transfer Agent for TCFC Finance Limited. The registrar provided comprehensive confirmation regarding the handling of securities during the quarter.
The confirmation certificate, signed by Sr. Vice President-Corporate Registry Ashok Shetty, validates several critical compliance aspects:
Securities received from depository participants for dematerialisation were properly confirmed to depositories
All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
Security certificates received for dematerialisation were confirmed or rejected as appropriate
Physical certificates were mutilated and cancelled after due verification by depository participants
Depository names were substituted in the register of members as registered owners within prescribed timelines
Corporate Governance Framework
The submission reflects TCFC Finance Limited's commitment to maintaining robust corporate governance standards and regulatory compliance. The systematic process ensures transparency in securities handling and protects investor interests through proper documentation and verification procedures.
The company's registered office is located at 501/502 Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai, while MUFG Intime India Private Limited operates from C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai. This quarterly compliance exercise reinforces the established framework for securities management and regulatory adherence.
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Source: scanx.trade
Source: The Economic Times