Transport Corporation of India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Transport Corporation of India Limited (TCI) has informed the exchanges that shareholders have approved, through a postal ballot, material related party transactions between its subsidiary TCI-CONCOR Multimodal Solutions Pvt. Ltd. and Container Corporation of India Ltd. (CONCOR). The ordinary resolution, which was part of a postal ballot notice dated February 4, 2026, was passed on March 14, 2026 with overwhelming support. Out of 6,41,02,865 votes polled (representing 83.55% of total outstanding shares), 99.9987% voted in favour and only 836 votes were cast against the resolution. The scrutinizer M/s. V K Bajaj & Associates has confirmed the results.
This is a procedural compliance filing confirming shareholder approval for transactions between TCI's subsidiary and its JV partner CONCOR. With near-unanimous approval, the subsidiary can proceed with its planned transactions without regulatory friction. This is unlikely to materially move the stock price as it is a routine governance matter for an existing business arrangement.