TCC Concept boosts capital, approves Pepperfry acquisition and employee stock plan

TCC Concept Limited announced on November 5, 2025, that its shareholders approved an increase in the authorized share capital from INR 40,00,00,000 to INR 60,00,00,000. This alteration to the capital clause of the Memorandum of Association was passed via an Ordinary Resolution at an Extra Ordinary General Meeting (EGM) held on the same day.

During the EGM, shareholders also passed several special resolutions. These include the approval to make loans or investments and provide security and guarantees exceeding prescribed limits under Section 186 of the Companies Act, 2013. Additionally, a preferential issue of 1,18,55,560 equity shares for the acquisition of a 98.98% stake in Pepperfry Limited was approved.

Further resolutions passed involved the approval of the TCC Concept Limited Employee Stock Option Plan 2025 for eligible employees, extending its benefits to subsidiary company employees, and approving the issuance of stock options under the plan equal to or exceeding 1% of the company's issued share capital. All resolutions were approved with requisite majority through remote e-voting and e-voting at the meeting.