TCI Express Limited has informed the Exchange regarding Outcome of Board Meeting held on May 27, 2026.
TCIEXP · price
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TCI Express reported audited FY2026 standalone profit before tax of ₹118.77 Cr, up 31.6% YoY from ₹90.23 Cr in FY2025, on net sales of ₹1,236.16 Cr (vs ₹1,208.27 Cr). Consolidated profit was ₹120.14 Cr on revenue of ₹1,237.41 Cr. The Board approved re-appointment of MD Chander Agarwal for another 5-year term and added two independent directors (Pavan Kumar Munjuluri and Vikram Singh Mehta). Key appointments include Soumya Ranjan Rout as IT-Head. The company granted 46,200 ESOP options at ₹250 per option under the 10th tranche of ESOP 2016, and formed an Executive Committee for operational management. Auditors gave an unmodified opinion. A notable risk: a ₹51.36 Cr GST demand (plus interest/penalty) for reverse charge on GTA supplies from July 2017 to March 2022 is being contested, with the first appeal rejected; the company plans to escalate.
Strong profit growth signals operational strength, but the unresolved ₹51.36 Cr GST demand remains a contingent risk. New independent directors and succession policy changes improve governance, while ESOP grants help retain talent.