Transport Corporation of India Limited has informed the Exchange regarding Notice of Postal Ballot
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Transport Corporation of India Limited (TCI) has sent out a Postal Ballot Notice seeking shareholder approval for material related party transactions between its subsidiary TCI-CONCOR Multimodal Solutions Pvt. Ltd. and Container Corporation of India Ltd. (CONCOR) up to Rs. 5,000 Million (excluding taxes) for FY 2025-26. The proposed transaction is 12.4% of TCI's consolidated turnover and 144.8% of the subsidiary's standalone turnover. The transactions involve road transportation services and related operating expenses. In FY 2024-25, similar transactions were Rs. 178.7 Million (income side) and Rs. 3,433.7 Million (expense side) for the subsidiary. E-voting opens on February 13, 2026 and closes on March 14, 2026; results will be announced by March 17, 2026. Related parties are barred from voting on this resolution.
This is a routine compliance-driven shareholder approval for ongoing business transactions between TCI's subsidiary and its associate CONCOR. No new capital allocation, strategic shift, or equity dilution is involved. Limited direct impact on TCI shareholders beyond confirming that existing operational contracts with CONCOR will continue for the current fiscal year.