Announced Tue, 16 Jun · 16:16 IST
TCI Industries board approves Rs 10 Cr NCRPS issue to promoters
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹1549.00
prior close
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AI summary
TCI Industries board on 16 June 2026 approved: (1) reclassification of Authorised Share Capital and amendment to MOA; (2) issue of up to 2,50,000 0% Non-Convertible Redeemable Preference Shares (NCRPS) at Rs 100 face value, issue price Rs 400 (Rs 300 premium), aggregating Rs 10 crore, via private placement to Promoters, Promoter Group entities and Related Parties; (3) took on record the valuation report; (4) approved draft notice for 61st AGM.
Likely market impact
Promoter-group capital infusion via non-convertible preference shares; no equity dilution but adds fixed redemption obligation and changes capital structure.