TCI Express Ltd

TCI Trading disposal

• Acquirer: M/s. TCI Trading, promoter group, disposed 10,90,000 shares (2.84%) in TCI Express via open market block deal.
• Pre-disposal holding: 22,09,497 shares (5.75%); post-disposal holding: 11,19,497 shares (2.91%).
• Capital unchanged at Rs 7,68,88,330 comprising 3,84,44,165 shares.

XPS Cargo Services acquisition

• Acquirer: M/s. XPS Cargo Services Limited, promoter group (proposed), acquired 10,90,000 shares (2.84%).
• Mode: Open Market Block Deal; date: Sept 29–30, 2026; exchanges NSE and BSE.
• Before holding 0; post-holding 10,90,000 shares (2.84%).
• Capital remains Rs 7,68,88,330 with 3,84,44,165 equity shares.

Promoter sale — TCI Trading

• Sale of 1,090,000 promoter shares via NSE block deal; post-disposal holding 1,119,497 shares (2.91%).
• Disposal occurred 29-30 Sep 2026; value Rs 54.78 crore.

Promoter acquisition — XPS Cargo Services Ltd

• Promoter group M/s XPS Cargo Services Ltd acquired 1,090,000 equity shares; mode Open Market, exchange NSE Block Deal.
• Post-acquisition holding 1,090,000 shares (2.84%); acquisition occurred 29-30 Sep 2026; value Rs 54.78 crore.

Promoter shareholding changes

• TCI Trading sold 10,90,000 equity shares via a block deal on Sept 29–30, 2026.
• Pre: 22,09,497 shares (5.75%); Post: 11,19,497 shares (2.91%).
• Acquisition/disposal size: 10,90,000 shares, 2.84% of voting capital.
• Mode: Open Market block deal; dates: Sept 29–30, 2026.
• TCI Trading is a promoter group acquirer.
• Shares listed on NSE and BSE.
• XPS Cargo Services Limited acquired 10,90,000 equity shares via block deal.
• Pre-acquisition holding: 0 shares; Post-holding: 10,90,000 shares (2.84% diluted).
• XPS Cargo Services Limited is a promoter group (Proposed).
• Total equity and voting capital remains 3,84,44,165 shares.

Rating Details

• Instrument: Commercial Paper, Rs 25 crore.
• Rating action: reaffirmed, [ICRA]A1+.
• Rating agency: ICRA Limited.
• Rating validity: not issued within 3 months requires revalidation.
• Rating validity: valid up to 12 months from issuance.
• Rating subject to review if new information arises.

TCI Express Ltd – Trading window closed from Oct 01, 2026 up to 48 hours after the communication of unaudited financial results (Standalone and Consolidated) for the 2nd quarter/half year ending on September 30, 2026

Promoter inter-se transfer

• Inter-se transfer within promoter group via open market on Sep 8, 2026.
• TCI Trading (Dharmpal Agarwal) sold 12,000 shares (~0.03% VR) of TCI Express.
• Pre-transfer holding: 22,21,497 shares, 5.78% of voting capital.
• Post-transfer holding: 22,09,497 shares, 5.75% of voting capital.
• TCI Express Consolidated Limited acquired 12,000 shares, rising to 1,73,36,233 shares, 45.09%.
• Equity share capital unchanged at Rs 7,68,88,330 (3,84,44,165 shares).

Annexure-1: TCI Trading disposal

• Target: TCI Express Limited.
• Disclosing Party: TCI Trading (Dharmpal Agarwal), promoter group.
• Transaction Type: Disposal of equity shares.
• Pre-Transaction Holding: 22,36,497 shares, 5.82%.
• Transaction Details: Sold 15,000 shares (0.04%), open market inter-se transfer.
• Post-Transaction Holding: 22,21,497 shares, 5.78%.
• Dates: Sep 03, 2026 and Sep 04, 2026.
• Capital before/after: Rs 7,68,88,330; 3,84,44,165 shares.
• Total diluted capital: Rs 7,68,88,330; unchanged.

Annexure-2: TCI Express Consolidated Limited acquisition

• Target: TCI Express Limited.
• Disclosing Party: TCI Express Consolidated Limited, promoter group.
• Transaction Type: Acquisition of equity shares.
• Pre-Transaction Holding: 1,73,09,233 shares, 45.02%.
• Transaction Details: Acquired 15,000 equity shares (0.04%).
• Post-Transaction Holding: 1,73,24,233 shares, 45.06%.
• Dates: Sep 03, 2026 and Sep 04, 2026.
• Capital before/after: Rs 7,68,88,330; 3,84,44,165 shares.
• Total diluted capital: Rs 7,68,88,330; unchanged.

Promoter inter-se transfer details

• TCI Trading disposed 13,100 TCI Express shares (0.03% VR) via open market.
• Pre-disposal holding: 22,49,597 shares (5.85%); post-disposal: 22,36,497 shares (5.82%).
• Inter-se transfer through open market dated September 1, 2026.
• Equity share capital unchanged at Rs 7,68,88,330 comprising 3,84,44,165 shares.
• Total diluted share/voting capital remains Rs 7,68,88,330.
• TCI Express Consolidated Limited acquired 13,100 shares (0.03% VR), increasing to 1,73,09,233 shares (45.02%).
• Post-acquisition promoter stake in TC Express Consolidated: 45.02%.
• Mode: Inter-se transfer via open market.
• Date of transaction: September 1, 2026.

Promoter disposal – TCI Trading

• Inter-se open market disposal of 16,000 shares (0.04%) by TCI Trading.
• Post-disposal holding: 22,49,597 shares, 5.85%.
• Date: August 27, 2026.
• Equity share capital remains Rs 7,68,88,330.

Promoter inter-se transfer – TCI Express Consolidated Limited

• Inter-se open market transfer by promoter group – TCI Express Consolidated Limited.
• Pre-transfer holding: 1,72,80,133 shares (44.95%).
• Post-transfer holding: 1,72,96,133 shares (44.99%).
• Equity capital remains 3,84,44,165 shares; diluted capital Rs 7,68,88,330.