BSECompany Update29 Sept 2026 · 29 Sept 2026, 06:29 pm
Promoter Group of the Company, have communicated their intention to not participate in the Buyback
Transport Corporation of India Ltd · 532349
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Transport Corporation of India Ltd's promoter group has informed the exchange that they will not participate in the company's buyback program, which was approved by the board on September 29, 2026.
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Governance Concern1/10
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Market Sentiment5/10
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Transport Corporation of India Ltd - 532349 - Intimation Regarding Promoters' Intention To Participate In The Buyback - Promoter Group Of The Company, Vide Their Letters Dated September 29, 2026, Have Communicated Their Intention To Not Participate In The Buyback''.
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Date: September 29, 2026
Listing Department, Listing Department,
BSE Limited, National Stock Exchange of India Limited,
Department of Corporate Relations, Exchange Plaza, C-1,
Phiroze Jeejeebhoy Towers, G Block Bandra – Kurla Complex,
Dalal Street, Mumbai - 400 001 Mumbai - 400 051
SCRIP CODE - 532349 Scrip Symbol - TCI
Dear Sir/Madam,
Sub: Intimation regarding promoters’ intention to participate in the Buyback.
This in in continuation of the outcome of Board Meeting dated September 29, 2026 with regard to the approval
granted by the Board of Directors of the Company to undertake buyback of not exceeding 1,562,500 (One
Million Five Hundred Sixty-Two Thousand, Five Hundred only) fully paid-up equity shares of the Company, each
having a face value of INR 2/- (“Equity Shares”), representing up to 2.03% of the total number of equity shares
in the paid-up equity share capital of the Company, at a price of INR 960/- (Indian Rupees Nine Hundred and
Sixty only) per Equity Share payable in cash for an aggregate amount not exceeding INR 1,500,000,000/- (Indian
Rupees Fifteen Hundred Million only) (“Buyback”), on a proportionate basis through the “tender offer” route,
in accordance with the provisions the under the Companies Act, 2013, and rules made thereunder and the SEBI
(Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”), and other applicable law.
In terms of the Buyback Regulations, under the tender offer route, the members of the promoter and promoter
group of the Company (“Promoter Group”) have the option to participate in the Buyback. We would like to
inform that members of the Promoter Group of the Company, vide their letters dated September 29, 2026, have
communicated their intention to not participate in the Buyback.
We request you to kindly take the above on record.
Thanking you,
For Transport Corporation of India Limited
Hansa Sharma
Company Secretary & Compliance Officer
(Membership No. A42616)