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Tourism Finance Corporation of India Ltd. has announced a board meeting on which approved appointing M/s Arun Kumar Gupta & Associates as Secretarial Auditor for five years, subject to member approval. The company also approved a 1:5 equity share split, reducing face value from Rs.10 to Rs.2 per share to enhance liquidity, affordability, and retail participation. The authorized share capital remains Rs.500 Cr, with issued equity capital unchanged at Rs.92.6 Cr post-split. The share subdivision is expected to complete within two months after necessary approvals.
All announcements from Tourism Finance Corporation of India Limited