TCFC Finance NCLT Approves Share Capital Reduction

NCLT Mumbai Bench approved TCFC Finance Ltd's scheme to reduce its equity share capital by cancelling 533,334 treasury shares.
The reduction decreases paid-up capital from ₹10.48 crore to ₹9.95 crore and increases retained earnings by ₹53.33 lakh.
The scheme was approved by 99.98% of shareholders and received no adverse observations from BSE or regulatory authorities.
Company must file the order with ROC and publish notices in Business Standard and Navshakti within 30 days.