TCITransport Corporation Of India Ltd.
Transport Corporation Of India extinguishes 15,62,500 bought-back shares
- Capital raise
- road transport and logistics
Reviewed byKeshav SehgalBlacklitt Research
Transport Corporation Of India (NSE: TCI) has extinguished 1,562,500 equity shares bought back at ₹960 a share, it said in a filing on 2 Nov 2026. The buyback was capped at ₹150 crore, and issued capital fell to 75,268,642 equity shares.
Key highlights
- Shares extinguished: 1,562,500, dated 30 Oct 2026
- Buyback price: ₹960 per share, tender offer route
- Aggregate buyback size: up to ₹150 crore
- Issued capital: 76,831,142 shares before, 75,268,642 after
The buyback in numbers
| Item | Detail |
|---|---|
| Shares bought back and extinguished | 1,562,500 equity shares of ₹2 face value |
| Buyback price | ₹960 per share |
| Maximum aggregate amount | ₹150 crore |
| Tendering period | 15 Oct 2026 to 22 Oct 2026, 5:00 p.m. IST |
| Extinguishment date | 30 Oct 2026, through NSDL and Ventura Securities Limited |
| Physical shares extinguished | Nil |
| Equity share capital after extinguishment | ₹15.05 crore (150,537,284 at ₹2 each) |
Share capital after the extinguishment
The company's issued capital fell from 76,831,142 equity shares to 75,268,642 after the 1,562,500 shares were extinguished. That is a reduction of 2.0% in the share count, and equity share capital moved from ₹153,662,284 to ₹150,537,284.
Promoters and the promoter group hold 52,749,590 shares, which the filing's Annexure 2 shows as unchanged before and after the extinguishment.
Approvals and the extinguishment steps
The Board approved the buyback on 29 Sep 2026, and the public announcement was dated the same day. The tendering period ran from 15 Oct 2026 to 22 Oct 2026, and the Buyback Committee approved the extinguishment of the shares on 28 Oct 2026.
The company says the extinguishment complies with Regulation 11 of the SEBI Buyback Regulations. The certificate is signed by KFin Technologies Limited as Registrar to the Buyback, by Vinod Kothari & Company as Secretarial Auditors, and by the company, and is dated 2 Nov 2026. No equity shares in physical form were validly tendered.
What the buyback completion means for Transport Corporation Of India's shareholders
The completed buyback reduces the number of equity shares in issue by 1,562,500, and the company's share capital is now 75,268,642 shares. Promoter holdings are unchanged in number, so their percentage of the company rises.
The filing does not say why the company bought back shares, what funds it used or how much it actually spent, and it does not say whether a further buyback is planned. No next dated step is given in the filing.
Filed with BSE on . Reference: Original filing (PDF)
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