TCI Express Limited has informed the Exchange about Grant of ESOP
TCIEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TCI Express Limited held its Board Meeting on May 27, 2026, approving multiple items including audited financial results for FY2026. Standalone revenue for the year was Rs 1,236.16 crore with net profit of Rs 90.77 crore, compared to Rs 1,208.27 crore revenue and Rs 89.84 crore profit in the previous year. Consolidated net profit stood at Rs 85.81 crore (including subsidiaries TCI Express Pte. Ltd. and TCI Global Singapore). The Board approved grant of 46,200 stock options under ESOP 2016 (10th Tranche) at Rs 250 per option. Key leadership continuity was maintained with re-appointment of Mr. Chander Agarwal as Managing Director for 5 years from August 17, 2026, and two new Independent Directors (Mr. Pavan Kumar Munjuluri and Mr. Vikram Singh Mehta) were appointed for 5-year terms. The company also faces a pending GST demand of Rs 51.36 crore which it has appealed and remains confident of prevailing.
The company demonstrated steady growth with ~2.3% revenue increase YoY on standalone basis. ESOP grant aligns employee interests with shareholders. Leadership continuity and new independent directors strengthen governance. The unresolved Rs 51.36 crore GST demand remains a contingent liability but management appears confident.