Transport Corporation of India Limited — Others, 14-05-2025: Change in Management

Transport Corporation of India Ltd. has announced a board meeting on which it approved the financial results for the quarter and half-year. The company granted 122,000 employee stock options at an exercise price of Rs. 550 under ESOP-2017 (8th tranche) and approved issuing non-convertible debentures/bonds up to Rs. 200 Cr, subject to shareholder approval. M/s Vinod Kothari & Co. were appointed as secretarial auditors for five years. Leadership changes include approval for continuation and reappointment of key directors, with interim compliance duties assigned to the Group CFO following the Company Secretary’s resignation. The chemical logistics business was transferred to a wholly owned subsidiary via slump sale for Rs. 452.4 Mn in equity investment, reflecting restructuring. Consolidated revenue reached Rs. 40,588 Mn with net profit at Rs. 3,959 Mn and EPS of Rs. 51.30, supported by steady performance across Freight, Supply Chain, and Seaways segments.