General Updates

Date: October 12, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Relations Exchange Plaza, 5th Floor Pheroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Mumbai - 400 001 Bandra - Kurla Complex, Mumbai - 400 051 Scrip Code: 532349 Symbol: TCI Dear Sir Subject: Submission of Letter of Offer for buyback of fully paid-up equity shares having a face value of INR 2/- each (“Equity Shares”) of Transport Corporation of India Limited (“Company”), on a proportionate basis through tender offer route (“Buyback”), pursuant to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”). This is in reference to our letters dated September 30, 2026, and October 1, 2026, vide which we had submitted, respectively, a copy of the public announcement dated Tuesday, September 29, 2026, which was published on Wednesday, September 30, 2026 (“Public Announcement”), and a Corrigendum to Public Announcement dated Wednesday, September 30, 2026, which was published on Thursday, October 1, 2026, in regard to the Buyback. In this regard, a copy of the letter of offer dated October 11, 2026 (“LOF”) in pdf format is enclosed as Annexure 1. You are requested to take note of the following schedule of activities in relation to the Buyback: ACTIVITY DATE DAY Date of opening of Buyback October 15, 2026 Thursday Date of closing of Buyback October 22, 2026 Thursday Last date of receipt of completed Tender Forms October 22, 2026 Thursday and other specified documents by the Registrar Last date of settlement of bids on the Stock October 28, 2026 Wednesday Exchanges* * Such activities may happen on or before the last date. All capitalised terms used herein and not specifically defined shall have the same meaning as ascribed to such terms under the LOF. Kindly take the above on record. Thanking you, Yours Faithfully, For Transport Corporation of India Limited Hansa Sharma Company Secretary & Compliance Officer M. No. A42616 Encl. as above. LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer dated Sunday, October 11, 2026, is being sent to you as a registered Equity Shareholder (as defined below) of Transport Corporation of India Limited (“Company”) as on the Record Date (defined below), being Friday October 9, 2026, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“SEBI Buyback Regulations”). If you require any clarifications about the action to be taken, you may consult your stockbroker or your investment consultant or the Manager to the Buyback i.e., ICICI Securities Limited or the Registrar to the Buyback i.e., KFin Technologies Limited (formerly known as KFin Technologies Private Limited). Please refer to the section “Definition of Key Terms” on page 4 of this Letter of Offer for the definition of the capitalised terms used herein. TRANSPORT CORPORATION OF INDIA LIMITED Corporate Identity Number (CIN): L70109TG1995PLC019116 Registered Office: Flat Nos 306 & 307, 1-8-271 to 273, Third Floor, Ashok Bhoopal Chambers, SP Road, Secunderabad, Telangana - 500 003, India Corporate Office: TCI House, 69, Institutional Area, Sector - 32, Gurgaon - 122001, Haryana, India Tel: +91 124-2381603 Website: www.tcil.com E-mail: secretarial@tcil.com Contact Person: Hansa Sharma, Company Secretary & Compliance Officer OFFER FOR BUYBACK UP TO 1,562,500 (FIFTEEN LAKHS SIXTY TWO THOUSAND FIVE HUNDRED) FULLY PAID-UP EQUITY SHARES OF THE COMPANY OF FACE VALUE OF INR 2/- (INDIAN RUPEES TWO ONLY) EACH, REPRESENTING UP TO2.03% OF THE TOTAL NUMBER OF EQUITY SHARES IN THE TOTAL PAID- UP EQUITY CAPITAL OF THE COMPANY AS ON MARCH 31, 2026, FROM ALL ELIGIBLE SHAREHOLDERS (EQUITY SHAREHOLDERS AS ON THE RECORD DATE, BEING FRIDAY, OCTOBER 9, 2026) ON A PROPORTIONATE BASIS, THROUGH THE ‘TENDER OFFER’ ROUTE, AT A PRICE OF INR 960/- (INDIAN RUPEES NINE HUNDRED SIXTY ONLY) PER EQUITY SHARE, PAYABLE IN CASH, FOR AN AGGREGATE MAXIMUM AMOUNT NOT EXCEEDING INR 1,500,000,000 (INDIAN RUPEES ONE HUNDRED AND FIFTY CRORE ONLY) (THE “BUYBACK”) EXCLUDING TRANSACTION COSTS (AS DEFINED BELOW). (1) The Buyback is pursuant to Article 4 of the Articles of Association of the Company and in accordance with the provisions of Sections 68, 69, 70 and 179 and all other applicable provisions, if any, of the Companies Act, 2013, as amended (“Companies Act”) and the relevant rules made thereunder including the Companies (Share Capital and Debentures) Rules, 2014 (to the extent applicable), the Companies (Management and Administration) Rules, 2014, to the extent applicable and other relevant Rules made thereunder, (including any statutory amendments(s), modification(s) or re-enactment(s) thereof for the time being in force) and the provisions of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) (including any statutory amendments(s), alteration(s) modification(s) and re-enactment of the Companies Act or the Rules made thereunder) or the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, (“SEBI Buyback Regulations”). (2) The Buyback is subject to receipt of such approvals, permissions, consents, sanctions, and exemptions of the statutory, regulatory or governmental authorities, as may be required under the applicable laws including from the Reserve Bank of India (“RBI”), the SEBI, the Registrar of Companies,Telangana at Hyderabad (“RoC”), the National Stock Exchange of India Limited (“NSE”) and the BSE Limited (“BSE” and together with the NSE, the “Stock Exchanges”) and/or other authorities, institutions or bodies (together with SEBI, RBI, RoC and Stock Exchanges, the “Appropriate Authorities”). (3) The Buyback Offer Size represents 6.76 % and 6.15% of the aggregate of the Company’s fully paid-up equity capital and free reserves as per the latest audited standalone financial statements and consolidated financial statements of the Company for the year ended March 31, 2026, respectively (the latest audited standalone and consolidated financial statements available as on the date of the Board Meeting, approving the proposal of the Buyback) which is less than 10% of the aggregate of the total paid-up capital and free reserves of the Company in accordance with Regulation 4(i) read with proviso to Regulation 5(i)(b) of the SEBI Buyback Regulations. The Buyback Offer Size is within the statutory limit of 25% of the aggregate of the paid-up capital and free reserves of the Company as per Section 68(2)(c) of the Companies Act and Regulation 4(i) of the SEBI Buyback Regulations as per both standalone and consolidated audited financial statements as on March 31, 2026. (4) The Letter of Offer is being sent to all Eligible Shareholders (as defined below) as on the Record Date, being Friday, October 9, 2026, in accordance with the SEBI Buyback Regulations and such other circulars or notifications, as may be applicable. Further, in terms of Regulation 9(ii) of the Buyback Regulations, if the Company receives a request from any Eligible Shareholder to dispatch a copy of the Letter of Offer in a physical form, the same shall be provided. (5) For details of the procedure for tender and settlement, please refer to the “Procedure for Tender Offer and Settlement” on page 50 of this Letter of Offer. The Form of Acceptance-cum- Acknowledgement (the “Tender Form”) along with the share transfer form (“SH-4”) is enclosed together with this Letter of Offer. (6) For details of the procedure for Acceptance, please refer to the “Process and Methodology for the Buyback” on page 45 of this Letter of Offer. For mode of payment of cash consideration to the Eligible Shareholders, please refer to “Procedure for Tender Offer and Settlement - Method of Settlement” on page 60 of this Letter of Offer. (7) A copy of the Public A [Showing first 8,000 characters — download PDF for full document]