TCI Express Limited has informed the Exchange regarding Demise of Mr Ashok Kumar Ladha, Independent Director of the company on Jun 27, 2025.

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹775.00

prior close

₹766.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-2.4% vs market

Logistics Solution Provider peers, median of 38sector+0.5%-2.0% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.0 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.5+0.9-2.4+0.5-2.0

Next day

-1.3+0.9-2.2+0.3-1.6

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TCI Express Limited has informed stock exchanges about the passing away of Mr. Ashok Kumar Ladha, an Independent Director of the company, on June 27, 2025. Mr. Ladha had been on the board since August 18, 2016, serving nearly 9 years as an Independent Director. The company described his demise as an 'irreparable loss' and acknowledged his consistent contribution and valuation guidance during his tenure. The disclosure has been made under SEBI Listing Regulations, with required details provided in Annexure-A.

Likely market impact

The board will now have a vacancy in the Independent Director category, and the company will need to fill this position within the timeframe required under SEBI rules. This is a personal event and unlikely to materially impact stock price, though governance continuity may be monitored by investors.