Transport Corporation of India Limited has successfully secured shareholder approval for material related party transactions through a postal ballot process concluded on March 16, 2026. The company announced that shareholders overwhelmingly supported the ordinary resolution with 99.9987% of votes cast in favour of the proposed transactions between its subsidiary and Container Corporation of India Ltd.

Official Voting Results and Documentation

The company formally communicated the voting results to BSE Limited and National Stock Exchange of India Limited on March 16, 2026, pursuant to Regulation 44(3) read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot notice dated February 04, 2026, sought approval for material related party transactions between TCI-CONCOR Multimodal Solutions Pvt. Ltd., a subsidiary of the company, and Container Corporation of India Ltd.

Category-wise Voting Results

The voting results demonstrated strong support across all shareholder categories. The Promoter and Promoter Group showed unanimous support with 100% votes in favour, while public shareholders also voted overwhelmingly in support of the resolution.

Scrutinizer's Report and Compliance

M/s. V K Bajaj & Associates, through proprietor Mr. Vasanth Kumar Bajaj (Membership No. FCS 6868, COP No. 5827), served as the appointed Scrutinizer for the postal ballot process. The scrutinizer's report dated March 16, 2026, confirmed that the ordinary resolution received requisite majority approval with 64,10,20,29 votes cast in favour and only 836 votes against.

E-Voting Process and Regulatory Framework

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The remote e-voting facility was provided by Central Depository Services Limited (CDSL) through their platform www.evotingindia.com .

The voting window remained open from 09:00 A.M. on Friday, February 13, 2026, to 5:00 P.M. on Saturday, March 14, 2026. The process complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory adherence throughout the approval process.

Bhoruka Supply Chain Solutions Holdings Limited has executed its fifth consecutive acquisition of equity shares in Transport Corporation of India Limited, purchasing 918 equity shares on March 09, 2026. This latest transaction continues the systematic investment pattern by the promoter group entity, following previous acquisitions on March 02, March 04, March 05, and March 06, 2026.

Latest Transaction Details

The most recent acquisition was completed through open market transactions on March 09, 2026, as disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The purchase represents a 0.0012% increase in both the total share capital and voting capital of the target company.

Updated Shareholding Pattern

Following the latest acquisition, Bhoruka Supply Chain Solutions Holdings Limited's consolidated position in Transport Corporation of India Limited has strengthened to 44.1129%. The company's shareholding has increased from 44.1117% to its highest level through this transaction.

Sequential Acquisition Pattern

The five consecutive acquisitions within a span of eight days demonstrate a systematic approach to increasing stake in Transport Corporation of India Limited. Combined, all five transactions have resulted in the acquisition of 5,818 equity shares, representing a cumulative increase of 0.0076% in shareholding.

Company Structure and Regulatory Framework

Transport Corporation of India Limited maintains its equity structure with total equity share capital of INR 15,34,87,594, comprising 7,67,43,797 equity shares with a face value of INR 2.00 each. The shares continue to be listed on both BSE Limited and National Stock Exchange of India Limited.

Compliance and Documentation

The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares and takeovers. The transaction documentation was digitally signed by Sudhir Kumar Agarwal, Director of Bhoruka Supply Chain Solutions Holdings Limited, from Gurugram on March 10, 2026. As a promoter group entity, the company maintains transparency in all shareholding pattern changes through timely regulatory filings.

These strategic acquisitions reinforce Bhoruka's commitment as a key promoter group entity while demonstrating continued confidence in Transport Corporation of India Limited's business prospects and growth potential.