TCI Industries Limited has filed its quarterly regulatory certificate with BSE Limited, confirming compliance with SEBI Depositories and Participants Regulations for the quarter ended March 31, 2026. The submission represents the company's adherence to mandatory quarterly reporting requirements under securities market regulations.

Regulatory Certificate Details

The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Bigshare Services Pvt. Ltd., serving as the company's registrar and transfer agent, provided the certification confirming operational status during the reporting period.

Dematerialisation Activity Status

The certificate confirms that no dematerialisation requests for equity shares were received during the quarter ended March 31, 2026. This indicates stable shareholding patterns with no conversion requests from physical to electronic form during the three-month period.

Filing and Compliance

Company Secretary and Compliance Officer Anisha Dad (Membership Number: A76458) signed and submitted the certificate to BSE Limited on April 15, 2026. The document was filed from the company's Mumbai office, ensuring timely compliance with regulatory deadlines.

The submission includes the registrar's confirmation letter dated April 6, 2026, providing official verification of the nil dematerialisation activity during the specified quarter. This regulatory filing maintains TCI Industries Limited's compliance status with SEBI depositories regulations.

TCI Industries Limited has completed the allotment of 2500 Non-Convertible Redeemable Preference Shares (NCRPS) to a promoter group member through private placement, raising ₹10,00,000 for the company.

Share Allotment Details

The Share Allotment Committee of the Board of Directors approved the allotment on February 23, 2026, following member approval obtained through postal ballot on March 25, 2023. The allotment was made on a private placement basis to Umah Agarwal, an individual belonging to the promoter and promoter group of the company.

Key Terms and Conditions

The NCRPS carry several specific features that distinguish them from equity shares. These preference shares provide preferential rights over equity shares for dividend payment and capital repayment during winding up, while being non-participating in surplus funds and assets.

The shares are structured as non-dividend bearing instruments and are non-convertible in nature. They can be redeemed at a maximum premium of 18% per annum on the issue price, with a maximum redemption value of ₹400 per share. The redemption will be executed at the company's discretion from profits available for dividend distribution or through fresh share issuance.

Redemption and Transfer Provisions

The NCRPS must be redeemed within the maximum permissible period of 20 years from the issue date, as stipulated under Section 55 of the Companies Act, 2013. The company retains the option to redeem these shares earlier at its discretion in one or more tranches.

Transferability of these shares is restricted to a select group comprising promoters, promoter group entities, and related parties of the company. The shares do not carry voting rights typically conferred on preference shareholders under applicable laws.

Impact on Share Capital

Since the allotted shares are non-convertible preference shares, there is no change in the company's paid-up equity share capital. The NCRPS will not be listed on any stock exchange due to their non-convertible nature and private placement structure.

The terms and conditions of the NCRPS may be modified by the company subject to mutual agreement between the company and the NCRPS holder, in compliance with applicable laws and regulations.