Cessation of Mr. Ishwar Singh Sigar as Chief Executive Officer (KMP) of TCI Freight Division of the Company w.e.f. close of business hours on March 31, 2026
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Transport Corporation of India has informed stock exchanges that Mr. Ishwar Singh Sigar ceased to be the Chief Executive Officer of the TCI Freight Division and consequently a Key Managerial Personnel of the company, effective close of business hours on March 31, 2026. The reason cited is 'changes in his roles and responsibilities' within the company. The company had earlier announced on February 4, 2026 that Mr. Rajendra Sharma, the current CEO-Designate of TCI Freight, will take over the CEO role. The filing confirms no other reasons besides the stated role change.
This is a planned and orderly leadership transition at the TCI Freight division, with a successor already named. For shareholders, the pre-announced replacement suggests continuity of operations and no governance concerns.