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.

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

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.

HDFC Mutual Fund reduced its shareholding in tci express by 2.68% to 2.46% of the paid-up equity share capital as on July 15, 2026. The divestment involved the sale of 10,30,484 equity shares carrying voting rights through the open market. This move follows a previous disclosure where the fund held a 5.15% stake as on November 14, 2024.

The transaction was disclosed in a letter dated July 17, 2026, from Divya Chouta, Joint Assistant Vice President - Compliance Governance at HDFC Asset Management Company Limited, to the Company Secretary of TCI Express Limited. The disclosure was submitted in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the sale, the aggregate holding of the Schemes of HDFC Mutual Fund was 19,75,031 shares, representing 5.14% of the total voting capital. Following the disposal, the holding stands at 9,44,547 shares. The equity share capital of TCI Express before and after the transaction remained at Rs. 7,68,37,980, comprising 3,84,18,990 equity shares of Rs. 2 each.

The specific schemes associated with the acquirer include HDFC Large and Mid Cap Fund, HDFC Manufacturing Fund, and HDFC Small Cap Fund. The acquirer clarified that it does not belong to the promoter or promoter group of the target company. The shares of TCI Express are listed on BSE Limited and National Stock Exchange of India Limited.

Change in Shareholding Details

The mode of acquisition for the original holding was not specified in the disclosure, while the recent reduction was executed via the open market on July 15, 2026.