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TICL stock split: The company on Tuesday, September 23, as the company on Monday, post-market hours, announced that it has received shareholder's approval for the stock split or subdivision of shares that it announced earlier.
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TICL said the company's shareholders have approved the subdivision of ordinary (equity) shares of the company. | Image: Shutterstock
TICL, in its filing, said, "The Company, today, i.e., dated September 22, 2025, informed about the outcome of the postal ballot process, pursuant to which the shareholders of the Company have approved the following resolutions:
Subdivision of Ordinary (Equity) Shares of the Company
Alteration of Capital Clause of Memorandum of Association of the Company
Alteration of Capital Clause of Articles of Association of the Company."
The company said it has fixed Tuesday, October 14, 2025, as the “Record Date” for the purpose of determining the eligibility of shareholders for the subdivision of the existing 1 (one) equity share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (ten) equity shares of face value of Re. 1/- (Rupee One Only) each fully paid up.
On August 4, 2025, Tata Investment Corporation said that its board had approved subdivision of the existing equity share having face value of ₹10 each into ten equity shares having face value of ₹1 each (1:10 ratio), fully paid-up subject to approval of the shareholders and any regulatory approvals.
TICL reported an 11.6% increase in consolidated profit after tax (PAT) at ₹146.3 crore for the first quarter ended June 30 (Q1 FY26), 2025 on higher dividend income.
The company had posted a consolidated profit after tax (PAT) of ₹131.07 crore in the same quarter last fiscal, Tata Investment Corporation Ltd (TICL) said in a regulatory filing.
Consolidated total revenue from operations during the quarter under review stood at ₹145.46 crore, as against ₹142.46 crore logged in the year-ago period, it added.
TICL, a systemically important non banking financial company (NBFC), which has been classified by The Reserve Bank of India (RBI) as a middle layer NBFC, said its dividend income in the first quarter was at ₹89.16 crore, as compared to ₹84.08 crore in the corresponding period last fiscal.
Total expenses were marginally higher at ₹12.15 crore, as compared to ₹11.77 crore logged in the same quarter a year ago, the company said.
TICL is a non-banking financial company. Earlier named The Investment Corporation of India, the company is primarily involved in investing in long-term investments such as equity shares and equity-related securities.
Tata Investment Corporation Limited was promoted by Tata Sons Pvt Ltd in 1937, under the name The Investment Corporation of India Limited.
The company remained a closely held company till 1959, when it became one of the few publicly held investment companies listed on the stock exchange in Mumbai, according to the company's website.
During the 1960s and 1970s, the company’s activities underwent a gradual transformation from assisting in the establishment of new ventures to acting as an investment company with a diversified portfolio of investments.
The company became a subsidiary of Tata Sons Pvt Ltd in February 2008. Tata Sons, together with other Tata companies, holds approximately 73.38% of the paid-up capital of Tata Investment Corporation Limited, as per the company's official website.
TICL acquired a 95.57% stake in Simto Investment Co. Ltd. (Simto) on 31st August, 2012, following which Simto has become a subsidiary of TICL.
TICL, jointly with Tata Sons, was among the first companies to receive an in-principle approval to incorporate and become the sponsors of the Tata Mutual Fund, the website adds.
Data show that the stock has gained around 6% in the past five sessions, around 6% in the past 30 days, nearly 13.5% in the past six months, 6.58% YTD, 5% in one year and a whopping 780% in the past five years.
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