TCI Express Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 23, 2025
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TCI Express Limited has informed exchanges about its 17th AGM scheduled for Wednesday, July 23, 2025 at 10:30 AM, to be held via video conferencing with CDSL facilitating e-voting. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend of ₹2.00 per equity share (100% on face value of ₹2.00, subject to shareholder approval), and re-appointment of Mr. Dharmpal Agarwal as Non-Executive Non-Independent Director. Shareholders will also vote on appointing M/s. Brahmayya & Co. as new statutory auditors (replacing M/s. R.S. Agarwala & Co.) for a five-year term, and M/s. PI & Associates as secretarial auditors for FY26–FY30. Additional resolutions cover change in designation of Mr. Phool Chand Sharma to Independent Director, appointment of current CFO Mr. Mukti Lal as Executive Director & CFO, and amendments to the ESOP-2016 including repricing of options and extension of vesting/exercise periods. The cut-off date for e-voting and dividend entitlement is July 16, 2025, with remote e-voting open from July 20 (9:00 AM) to July 22, 2025 (5:00 PM), and book closure from July 17–23, 2025.
The proposed ₹2 dividend (100% payout) signals steady returns for shareholders, subject to AGM approval, with the record date set at July 16, 2025. The change of statutory auditors, elevation of the CFO to Executive Director, and ESOP repricing indicate governance and management transitions, though the ESOP revisions could carry mild future dilution implications.