Transport Corporation of India Ltd (TCI) — Board Meeting | 29 September 2026 (2 announcements)

TCI's board approved a buyback of up to 1,562,500 shares at INR 960 each, representing 2.03% of paid-up capital, alongside establishing a China subsidiary for logistics expansion. The buyback will target non-promoter shareholders via tender offer, with a record date set for October 9, 2026. The company emphasized compliance with SEBI regulations and noted promoters will not participate.

TCI announced on September 29, 2026, that its board approved the incorporation of a wholly owned subsidiary in China to expand its logistics network and a buyback of up to 1,562,500 shares at INR 960 each, representing 2.03% of paid-up capital, with a total buyback size capped at INR 1,500 crores. The buyback will exclude promoters and use a tender offer route, with October 9, 2026, set as the record date. A buyback committee was formed to manage the process, and promoters confirmed non-participation. The filing references SEBI regulations and includes pre-buyback shareholding details in Annexure B.