TCI Industries Ltd — Updates, 28-05-2025: Company Update

TCI Industries has announced a board meeting and allotted 7,500 zero-coupon Non-Convertible Redeemable Preference Shares (NCRPS) at Rs. 400 each (face value Rs. 100 + Rs. 300 premium) via private placement to promoters. These NCRPS offer preferential rights on dividend payments and capital repayment but carry no voting rights or dividends. They are redeemable within 20 years with a maximum 18% simple interest premium. The allotment does not affect the equity share capital and these preference shares will remain unlisted. This injection supports the company’s capital without diluting equity shareholders.