TCI Industries Ltd — Important, 24-12-2025: Company Update

TCI Industries has allotted 1250 Non-Convertible Redeemable Preference Shares (NCRPS) through a private placement to Transcorp Estates Private Limited, a promoter group entity. Each NCRPS, with a face value of Rs. 100, was issued at a premium of Rs. 300. These shares do not carry dividends or voting rights and are not convertible into equity. The company retains the option to redeem them at a maximum premium of 18% annually within 20 years. This issuance does not alter the company’s paid-up equity share capital, and the shares will not be listed on any stock exchange.