Nippon Life India Asset Management Limited has increased its shareholding in TCI Express by acquiring 5,00,000 equity shares through open market transactions. The acquisition represents 1.3014% of the company's total paid-up share capital, raising the acquirer's total stake to 5.1665%.

The disclosure was submitted to the stock exchanges on July 17, 2026, under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Nippon India Mutual Fund, acting through Nippon Life India Trustee Limited, executed the purchase transactions between October 16, 2020, and July 15, 2026.

Prior to this acquisition, the acquirer held 14,84,921 shares, accounting for 3.8651% of the share capital. The recent purchase of 5,00,000 shares has increased the total holding to 1,984,921 shares. The acquirer clarified that it does not belong to the promoter or promoter group of the target company.

The equity shares of TCI Express Limited are listed on the National Stock Exchange of India Ltd and BSE Limited. The total equity share capital of the company remains at Rs 7,68,37,980, comprising 3,84,18,990 shares with a face value of Rs 2 per share.

Shareholding Details

The transaction was conducted via the open market route. The Permanent Account Number (PAN) of the acquirer, Nippon India Mutual Fund, is AAATR0090B.

TCI Express Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, detailing its environmental, social, and governance (ESG) performance. The logistics company increased the share of renewable energy to 20% of its total energy consumption during the year, compared to 18% in the previous year. This transition was supported by rooftop solar installations at sorting centers in Medchal, Tajnagar, and Pune, which collectively generated 1,007,796 kWh of electricity. The company also expanded its green logistics efforts, deploying 214 CNG vehicles and 58 electric vehicles, which constituted 13.2% of its first and last-mile delivery fleet.

Environmental Performance

The company focused on reducing its carbon footprint through various decarbonization initiatives. By increasing the utilization of rail-based transportation, TCI Express transported 8,936.6 MT of shipments, resulting in the avoidance of an estimated 1,439 tCO2e of greenhouse gas emissions compared to diesel-operated road vehicles. The firm also integrated sustainable construction practices, using 654 MT of EPD-certified materials and 43,658.1 MT of fly ash-based materials in its infrastructure projects.

Social and Governance Initiatives

On the social front, female employees represented 15% of the total workforce, with the company aiming to achieve 25% representation by 2033. The company assessed 79% of its business associates against key ESG parameters, including environmental, human rights, and safety practices. Training was provided to 66.39% of business associates and DBA personnel during the year. The firm also reported that 100% of permanent employees were covered by health and accident insurance.

Financial and Operational Metrics

The company reported a turnover of ₹1236.16 crore and a net worth of ₹828.82 crore for the financial year. It maintained a network of 970 branches and 28 sorting centers nationally. The company’s Integrated Management System remained certified under ISO 14001, ISO 45001, and ISO 9001 standards, supporting its ESG objectives and operational excellence.