Key Details

Symbol (NSE): TCC

Corporate Action: Scheme of Amalgamation (by way of Merger by Absorption)

Record Date: Not Specified

Nature of Scheme: Merger by Absorption

Entities Involved:

  • Transferor Company: ALTRR Software Services Limited (Amalgamating Company)
  • Transferee Company: TCC Concept Limited (Amalgamated Company)

Demerged Company: Not Applicable (Merger)

Resulting Company: TCC Concept Limited

Share Entitlement Ratio: No shares will be issued. The Transferee Company holds 100% of the equity shares of the Transferor Company, and these shares shall stand cancelled upon amalgamation.

Implied Capital Structure Impact: No change in shareholding pattern of TCC Concept Limited is envisaged as no shares would be issued in consideration of amalgamation.

Post-Allotment Listing Plan: The resulting entity (TCC Concept Limited) will remain listed on BSE and NSE.

Regulatory and Approval Status: The Scheme requires approval of the Hon'ble National Company Law Tribunal, Mumbai and such other approvals, permissions and sanctions of regulatory and other authorities as may be necessary.

Effective Date: Not Specified

Financial Rationale:

  • The Transferor Company is a wholly owned subsidiary of the Transferee Company with supplemental business activities
  • Achieve consolidation and integration of business operations
  • Streamline management and maintain simplified corporate structure
  • Yield administrative synergies through elimination of duplicative functions and processes
  • Reduction in legal, regulatory and compliance requirements
  • Facilitate optimal utilization of cash flows and resources through elimination of inter-company transactions
  • Strengthen financial position and operational capabilities of Transferee Company
  • Enable streamlined business processes and cost efficiencies
  • Enhance overall financial efficiency, transparency and value creation for shareholders

Impact on Shareholders: No change in shareholding pattern of TCC Concept Limited as no shares would be issued in consideration of amalgamation. The Scheme is stated to not have any adverse impact on stakeholders.

Financial Metrics (FY 2025-26):

  • ALTRR Software Services Limited: Turnover ₹1,272.05 Lacs (₹12.72 Crore), Net Worth ₹1,627.05 Lacs (₹16.27 Crore)
  • TCC Concept Limited (Consolidated): Turnover ₹17,939.3 Lacs (₹179.39 Crore), Net Worth ₹1,64,534.09 Lacs (₹1,645.34 Crore)

Business Description:

  • ALTRR Software Services: Primarily engaged in AI-backed solutions, specifically the TryThat.ai data analytical platform for real estate stakeholders
  • TCC Concept Limited: Diversified technology-driven enterprise across AI, digital infrastructure, technology, logistics, e-commerce, and real estate technology

Regulatory Status: The transaction falls under Related Party Transaction but is exempt from SEBI LODR requirements under Regulation 23(5)(b) and MCA Circular No. 30/2014 dated 17.07.2014.