TCI Express Limited — Important, 06-02-2025: General Updates

The Board of Directors of TCI Express Limited convened a meeting to approve the un-audited financial results for the quarter and nine months ended December 31, 2024. Key highlights include net sales of ₹900.99 Crores, reflecting a growth trend, and a declared second interim dividend of ₹3.00 per share, bringing the total interim dividend for FY 2024-25 to ₹6.00 per share. The Board also approved an investment of up to SGD 7.5 million to support its wholly-owned subsidiary, TCI Express Pte. Ltd., in Singapore, scheduled for disbursement over FY 2025-26 and FY 2026-27. Furthermore, the cancellation of a Standby Letter of Credit previously issued for the subsidiary was authorized due to execution challenges. Overall, TCI Express continues to position itself for growth while managing operational efficiencies effectively. Positive outlook for sustained business operations and strategic investments.