TCI Express Limited — Important, 06-02-2025: Disclosure of material issue

**Financial Highlights:** TCI Express reported net sales of ₹296.32 Cr and total income of ₹298.89 Cr for the quarter ended December 31, 2024, reflecting a slight decrease compared to ₹311.48 Cr and ₹313.94 Cr respectively in the previous quarter. The company achieved a net profit of ₹68.85 Cr, showing marginal decline compared to ₹70.12 Cr in the prior quarter.

**Strategic Initiatives and Growth Drivers:** The Board approved an investment of up to SGD 7.5 million in TCI Express Pte. Ltd., aimed at bolstering its subsidiary's business operations and growth strategy over the next two financial years. Additionally, a fresh Standby Letter of Credit (SBLC) up to ₹15 Cr will support financing needs.

**Business Developments:** The Board declared a second interim dividend of ₹3 per share (150%), with a record date set for February 12, 2025. This elevates total declared dividends for the fiscal year to ₹6 per share.

**Market Position and Competitive Advantage:** The company's strong financial performance, underscored by consistent dividend payouts, signals robust operational resilience. The strategic investment in its wholly owned subsidiary positions TCI Express for enhanced market penetration.

**Investor Implications:** Despite slight declines in quarterly revenues, TCI's focus on strategic investments suggests a proactive approach to future growth. Investors should maintain a positive outlook, given the ongoing financial support for key operations.