Tourism Finance Corp Board Approves 1:5 Stock Split

Tourism Finance Corporation of India Ltd has approved a stock split in the ratio of 1:5. Each equity share of ₹10 will be split into 5 shares of ₹2 each. This was cleared in the board meeting held on July 10, 2025. The proposal will now go to shareholders for approval at the upcoming AGM.

The record date for the split will be determined after receiving shareholder and statutory approvals. The company expects the process to be completed within two months of the AGM. The formal announcement of the record date will be made separately.

Capital Structure After Split

Post-split, the number of equity shares will increase from 9.25 crore to 46.29 crore. Paid-up equity capital remains unchanged at ₹92.59 crore. The authorised share capital continues to be ₹500 crore, with 125 crore equity shares of ₹2 each and 25 crore preference shares of ₹10 each.

According to the filing, the decision aims to increase the accessibility of the shares and widen the shareholder base. The board has approved the alteration of the Capital Clause in the Memorandum of Association accordingly, subject to shareholder and regulatory approvals.

Other Board Approvals

The board also approved the appointment of M/s Arun Kumar Gupta & Associates as secretarial auditors for 5 financial years, from FY26 to FY30. The appointment is subject to approval at the AGM. The firm has been peer-reviewed and has experience in corporate law and compliance.

Tourism Finance Corporation is a non-banking financial company headquartered in New Delhi. It offers financial assistance to tourism-related projects such as hotels, resorts, and travel infrastructure.

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Tourism Finance Corp Share Price Performance 

As of 10:21 AM on July 11, 2025, Tourism Finance Corp share price was trading at ₹286.31, up ₹1.45 or 0.51%, 

Conclusion

The company will proceed with the stock split and auditor appointment after necessary approvals. Further disclosures, including the final record date, are expected to follow in due course.

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