Allotment of 1250 no. of 0% Non-Convertible Redeemable Preference Shares on Private Placement basis
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TCI Industries has allotted 1,250 Non-Convertible Redeemable Preference Shares (NCRPS) to Transcorp Estates Private Limited, an entity belonging to the promoter group, via private placement. Each share has a face value of Rs. 100 and was issued at a premium of Rs. 300, taking the total issue price to Rs. 400 per share — aggregating to about Rs. 5 lakh. The shares carry no dividend (0%), no voting rights, and are non-convertible into equity. They will be redeemed within 20 years at a maximum 18% simple annual premium on the issue price (up to Rs. 400 per share extra), at the company's discretion. Since these are NCRPS, there is no change in the paid-up equity share capital and the instrument will not be listed on any stock exchange. The allotment was approved by the Share Allotment Committee on December 19, 2025, based on shareholder approval from a postal ballot in March 2023.
This is a small, promoter-group-internal capital infusion that does not dilute equity shareholders or affect the equity capital structure. Since the NCRPS carry 0% dividend and the effective cost comes via redemption premium, the financial impact on retail shareholders is minimal — no equity dilution, no listing, and no change in ownership proportions.