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 FY2026 standalone revenue of Rs 1,236.16 crore (marginal ~2.3% growth from Rs 1,208.27 crore). However, consolidated net profit declined ~5.5% to Rs 85.81 crore from Rs 90.77 crore in the previous year. The board approved re-appointment of MD Chander Agarwal for 5 years from August 2026 and Vineet Agarwal as director. Two new independent directors (Pavan Kumar Munjuluri and Vikram Singh Mehta) were appointed for 5-year terms. The company granted 46,200 ESOPs at Rs 250 per option under the 10th tranche. Auditors issued an unmodified opinion but flagged a GST demand of Rs 51.36 crore (plus interest and penalty) related to reverse charge mechanism on GTA supplies from July 2017 to March 2022. The company has appealed and expects a favorable outcome.
The marginal revenue growth combined with ~5.5% profit decline signals margin pressure, though the stock may see limited negative reaction given clean audit opinion. The Rs 51.36 crore GST demand remains a contingent liability. Leadership continuity with MD re-appointment and new independent directors strengthen governance.