TCI Express confirms no encumbrance on promoter shares for FY26

TCI Express has confirmed that no encumbrance was created, directly or indirectly, on the 26,687,662 equity shares held by its promoter and promoter group during the financial year ended March 31, 2026. The disclosure, made by Dharmpal Agarwal on behalf of the promoter and promoter group, was submitted to the stock exchanges to comply with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation addresses the status of shareholding for the specified period, ensuring transparency regarding the financial standing of the promoters' holdings.

The total shareholding of the promoter and promoter group stands at 26,687,662 equity shares, representing 69.46% of the total number of shares in the company. This significant stake is distributed across Indian individuals, Hindu Undivided Families (HUFs), and body corporates. The largest single holder within the promoter group is TCI Express Consolidated Limited, which holds 17,058,233 shares, accounting for 44.40% of the total share capital.

Breakdown of Promoter Holdings

The promoter group's holdings are categorized into individuals and HUFs, and body corporates and firms. The combined holdings of individuals and HUFs amount to 6,985,360 shares, or 18.18% of the total equity. Key individual shareholders include Vineet Agarwal with 2,005,896 shares (5.22%) and Urmila Agarwal with 925,295 shares (2.41%).

Shareholding Details

Category & Name of Shareholder	Total No of Shares held	Shareholding %
Indian- Individuals/HUF
Dharam Pal Agarwal (HUF)	1,019,878	2.65
Vineet Agarwal	2,005,896	5.22
Dharmpal Agarwal	419,314	1.09
Chander Agarwal	917,131	2.39
Priyanka Agarwal	872,604	2.27
Urmila Agarwal	925,295	2.41
Chandrima Agarwal	370,528	0.96
Vihaan Agarwal	222,166	0.58
Nav Agarwal	222,166	0.58
Vineet and Sons (HUF)	10,382	0.03
Total (A)	6,985,360	18.18
Body Corporate and Firm
TCI Exim Private Limited	156,572	0.41
TCI Trading (Dharmpal Agarwal)	2,487,497	6.47
TCI Express Consolidated Limited	17,058,233	44.40
Total (B)	19,702,302	51.28
Total Shareholding (A+B)	26,687,662	69.46

The body corporates and firms within the promoter group hold a total of 19,702,302 shares, constituting 51.28% of the company's equity. This category includes TCI Trading (Dharmpal Agarwal) and TCI Exim Private Limited, alongside the majority holder TCI Express Consolidated Limited. The disclosure confirms that these substantial holdings remain free of any encumbrance as of the financial year-end.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.13%	-3.67%	+5.70%	-0.27%	-21.82%	-64.59%

TCI Express Limited has scheduled its 18th Annual General Meeting (AGM) for August 06, 2026, at 10:30 A.M. IST, to be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM). The meeting will consider the adoption of the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026. Shareholders will vote on the re-appointment of Mr. Chander Agarwal as Managing Director for a further term of five years commencing from August 18, 2026, subject to shareholder and regulatory approvals. The company reported revenue from operations of ₹1,236.16 Crores for FY 2025-26.

AGM and E-Voting Details

The Notice of the 18th AGM and the Annual Report for FY 2025-26 are being circulated electronically to shareholders. Central Depository Services (India) Limited (CDSL) has been engaged to facilitate the AGM and e-voting. The remote e-voting period is open from August 03, 2026 to August 05, 2026. The cut-off date for determining shareholder eligibility is July 30, 2026, and the book closure period is from July 31, 2026 to August 06, 2026.

Detail	Information
Event	18th Annual General Meeting
Date	August 06, 2026
Time	10:30 A.M. IST
Mode	Video Conferencing / Other Audio Visual Means
Financial Year	2025-26
E-voting Period	August 03, 2026 to August 05, 2026
Cut-off Date	July 30, 2026
Book Closure	July 31, 2026 to August 06, 2026
E-voting Service Provider	Central Depository Services (India) Limited

Business to be Transacted

Ordinary business includes the adoption of the Audited Financial Statements and the re-appointment of Mr. Vineet Agarwal (DIN: 00380300) as a Non-Executive Non-Independent Director, liable to retire by rotation. Special business includes the appointment of Mr. Pavan Kumar Munjuluri (DIN: 01514557) and Mr. Vikram Singh Mehta (DIN: 02200425) as Non-Executive Independent Directors for a term of five years commencing from May 27, 2026. The meeting will also consider the re-appointment of Mr. Chander Agarwal (DIN: 00818139) as Managing Director for a further term of five years from August 18, 2026. Additionally, shareholders will vote on paying commission to Non-Executive and Independent Directors, not exceeding 0.50% of net profits per annum.

Financial Performance for FY 2025-26

The company reported revenue from operations of ₹1,236.16 Crores for FY 2025-26. The Profit After Tax (PAT) stood at ₹89.84 Crores, with a PAT Margin of 7.18%. The company declared a total dividend of ₹9.00 per share for the fiscal year.

Standalone Financial Highlights

Metric	FY 2025-26	FY 2024-25
Total Income	₹1,250.42 Crores	₹1,221.14 Crores
Revenue from Operations	₹1,236.16 Crores	₹1,208.27 Crores
EBITDA	₹146.02 Crores	₹143.25 Crores
EBITDA Margin	11.68%	—
Profit Before Tax	₹118.77 Crores	₹120.14 Crores
Profit After Tax (PAT)	₹89.84 Crores	₹90.77 Crores
PAT Margin	7.18%	7.43%
Basic EPS (₹)	₹23.39	₹23.66
Net Worth	₹828.82 Crores	₹769.33 Crores
ROCE	14.53%	16.08%
RONW	11.24%	12.32%
Dividend Per Share (₹)	₹9.00	₹8.00

Operational and Strategic Highlights

During FY 2025-26, TCI Express added approximately 75 new branches, expanding its network to over 1,000 company-owned branches. The company invested ₹67 Crores towards network expansion and infrastructure development. Cash flow from operations stood at ₹103.80 Crores. Key segment developments included Rail Express serving more than 5,000 customers and International Air Express recording 22% annual growth.