Allotment of 1250 nos. of 0% Non-Convertible Redeemable Preference Shares on Private placement basis.

TCI Industries has allotted 1,250 Non-Convertible Redeemable Preference Shares (NCRPS) to Transcorp Estates Private Limited, a promoter group entity, on a private placement basis. Each share has a face value of Rs. 100 issued at a premium of Rs. 300, meaning a total issue price of Rs. 400 per share, raising about Rs. 5 lakh in total. The NCRPS carry no dividend (0%), no voting rights, and cannot be converted into equity. They are redeemable at a maximum premium of 18% simple interest per annum on the issue price, within 20 years at the company's discretion. The allotment was approved by shareholders via postal ballot on March 25, 2023. There is no change in the company's paid-up equity share capital, and these shares will not be listed on any stock exchange.