TRANSPORT CORPORATION OF INDIA LTD : BOARD APPROVES WOS INCORPORATION IN CHINA AND BUYBACK OF UP TO 2.03% EQUITY SHARES

• Board approved incorporation of a wholly owned subsidiary (WOS) in People's Republic of China to expand international logistics network. • Proposal to buyback up to 1,562,500 equity shares (2.03% of paid-up capital) at ₹960 per share, aggregating up to ₹150 Cr. • Buyback Size (₹150 Cr) is 6.76% and 6.15% of paid-up capital and free reserves as of March 31, 2026. • Promoters and promoter group have expressed intention not to participate in the buyback. • Record date for buyback eligibility fixed as October 9, 2026. • Company proposes to establish WOS as a Wholly Owned Foreign-Owned Enterprise (WFOE) for logistics and supply chain activities.

Transport Corporation of India Limited

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