Transport Corporation of India Limited has informed the Exchange about change in Management
TCI · price
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TCI's Board approved audited financial results for Q4 and FY ended 31 March 2025 with an unmodified auditor opinion. Consolidated FY25 revenue from operations rose to Rs. 4,491.8 crore from Rs. 4,024.2 crore, while net profit after tax grew to Rs. 412.5 crore from Rs. 354.5 crore; EPS rose to Rs. 53.43 from Rs. 45.18. The Board accepted the resignation of Ms. Archana Pandey, Company Secretary & Compliance Officer, effective 15 May 2025, citing pursuit of other opportunities, with Group CFO Ashish Kumar Tiwari temporarily overseeing compliance duties. Other decisions included grant of 122,000 ESOP options at Rs. 550 each, approval to raise up to Rs. 200 crore via NCDs/bonds, appointment of Vinod Kothari & Co. as Secretarial Auditor for five years, and re-appointment of Mr. Vikrampati Singhania as Independent Director for a second five-year term from 5 July 2025.
Strong FY25 results with double-digit profit growth and improving margins should be viewed positively by shareholders. The Company Secretary exit is a routine KMP-level change with interim CFO oversight ensuring continuity; re-appointments and NCD clearance signal governance stability and capital-raising readiness.