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.

TCI Express disclosed an inter-se transfer of equity shares between promoter group entities, resulting in a reorganisation of the promoter group's shareholding. TCI Express Consolidated Limited acquired 1,23,900 equity shares, representing 0.32% of the total paid-up share capital, through the open market. Consequently, TCI Trading (Dharmpal Agarwal) disposed of an equivalent number of shares during the same period. The transactions were executed on June 29, 2026, and June 30, 2026, as per the disclosures submitted to the stock exchanges.

Shareholding Details

The transfer involved two entities belonging to the promoter group of TCI Express Limited. Following the transaction, TCI Express Consolidated Limited increased its holding to 1,71,82,133 equity shares, which constitutes 44.72% of the company's total voting capital. Conversely, the shareholding of TCI Trading (Dharmpal Agarwal) reduced to 23,63,597 equity shares, accounting for 6.15% of the total voting capital.

The disclosures were made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total equity share capital of the company remains unchanged at Rs. 7,68,37,980, divided into 3,84,18,990 equity shares of Rs. 2.00 each.

Transaction Breakdown

The following table details the changes in shareholding for the promoter group entities involved in the inter-se transfer:

The mode of acquisition was specified as an inter-se transfer by way of the open market. Ramesh Chand Pahuja, Authorised Signatory, signed the disclosures on behalf of both entities on July 1, 2026.