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 standalone and consolidated. The company declared its First Interim Dividend of ₹9 per equity share for FY26, with a face value of ₹2 per share. The record date for this dividend has been fixed as Tuesday, February 10, 2026. The payment of the dividend will be completed within 30 days of its declaration. In a significant management change, Mr. Rajendra Sharma has been appointed as CEO Designate – TCI Freight and Senior Management Personnel, effective February 04, 2026. Mr. Sharma has a long-standing career with TCI, having joined as a management trainee in 1998 and progressing through leadership roles in the Supply Chain division. He holds an MBA and has completed executive leadership programs, including one at Harvard Business School. The Board also approved material related party transactions between TCI-CONCOR Multimodal Solutions Pvt. Ltd., a subsidiary, and Container Corporation of India Limited. These transactions aggregate up to ₹5000 Million (₹500 crore), excluding taxes, during FY26, subject to shareholder approval via postal ballot. The cut-off date for shareholders to receive the postal ballot notice and e-voting is 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. Furthermore, the Board approved the Policy on Related Party Transactions, which is now available on the company's website. The Board meeting commenced at 05:27 PM IST and concluded at 06:25 PM IST.
