Transport Corporation of India Limited (TCI) announced the outcome of its Board Meeting held on February 04, 2026. The Board approved the Unaudited Financial Results for the 3rd quarter and nine months ended December 31, 2025, both on a standalone and consolidated basis. In a significant move, the company declared its First Interim Dividend of ₹9 per equity share for FY26. The record date for this dividend has been fixed as February 10, 2026. The payment of the dividend will be completed within 30 days of its declaration. Furthermore, Mr. Rajendra Sharma has been appointed as CEO Designate – TCI Freight and Senior Management Personnel of the Company, effective February 04, 2026. Mr. Sharma, who joined TCI in 1998, has held various leadership roles and possesses a strong track record in operational improvement and cost optimization. He holds an MBA and has completed executive programs from institutions including Harvard Business School. The Board also approved material related party transactions between its subsidiary, TCI-CONCOR Multimodal Solutions Pvt. Ltd., and Container Corporation of India Limited, aggregating up to ₹5000 Million (₹500 crore) excluding taxes, for FY26. This transaction is subject to shareholder approval via postal ballot, with the cut-off date for the postal ballot notice and e-voting set as February 10, 2026. The e-voting period will commence on February 13, 2026, and conclude on March 14, 2026. M/s. V K Bajaj & Associates has been appointed as the Scrutinizer for the postal ballot process. Additionally, the Board approved the Policy on Related Party Transactions, which is available on the company's website. The Board meeting commenced at 05:27 PM (IST) and concluded at 06:25 PM (IST).
