Transport Corporation of India Limited has informed the Exchange regarding Change in Auditors of the company.
TCI · price
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Transport Corporation of India (TCI) announced audited results for Q4 and FY25. Consolidated total income rose to Rs. 45,385 Mn from Rs. 40,700 Mn, with net profit up to Rs. 4,125 Mn from Rs. 3,545 Mn, and EPS at Rs. 53.43 vs Rs. 45.06. The board granted 122,000 ESOP options at an exercise price of Rs. 550 under the ESOP 2017 scheme. It approved raising up to Rs. 200 Crores via non-convertible debentures/bonds, subject to shareholder approval at the upcoming 30th AGM. M/s Vinod Kothari & Co was appointed as Secretarial Auditor for 5 years from FY26. Mr. S N Agarwal (Non-Executive Director, above 75) was reappointed, and Mr. Vikrampati Singhania was reappointed as Independent Director for a second 5-year term from July 5, 2025. Company Secretary and Compliance Officer Ms. Archana Pandey resigned effective May 15, 2025, citing other opportunities, with Group CFO Ashish Kumar Tiwari temporarily handling compliance duties.
Strong FY25 results with double-digit revenue and profit growth are positive for shareholders, though the buyback completed during the year reduced share capital slightly. The NCD issuance up to Rs. 200 Crores signals moderate fundraising plans. The exit of the Company Secretary is a key KMP change, but an interim CFO-led compliance arrangement limits governance disruption in the short term.