TCI Industries Ltd — Updates, 20-05-2025: Company Update

TCI Industries Limited has allotted 16,250 zero-dividend Non-Convertible Redeemable Preference Shares (NCRPS) at a premium of Rs. 300 each to promoters and promoter group entities via private placement. These NCRPS carry preferential rights over equity shares in dividend and repayment on winding up but do not have voting rights or participation in surplus profits. They will be redeemed at a premium of up to 18% per annum within a maximum of 20 years at the company’s discretion. This issue does not alter the company’s equity share capital or voting structure.