TCI SUBMITS BOARD RESOLUTION FOR EQUITY SHARE BUYBACK

TCI Limited has submitted a Board Resolution approving the buyback of up to 1,562,500 fully paid-up equity shares of face value ₹2 each. The buyback will be conducted via a tender offer at a price of ₹960 per share. The aggregate amount for the buyback will not exceed ₹1,500,000,000 (₹150 Cr). The company will not use borrowed funds for the buyback consideration. The record date for determining eligibility is October 9, 2026. Promoter and promoter group have expressed intent not to participate in the buyback. The buyback is proposed to optimize returns and enhance shareholder value. It aims to optimize the capital structure of the company.

Transport Corporation of India Limited

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