TCI Industries Limited has completed the allotment of 1,250 non-convertible redeemable preference shares (NCRPS) worth ₹5 crores to Transcorp Estates Private Limited, an entity belonging to the promoter and promoter group of the company. The allotment was approved by the Share Allotment Committee of the Board of Directors.

Share Allotment Details

The preference shares were issued on a private placement basis for cash consideration. The key financial parameters of the allotment are presented below:

The allotment was conducted pursuant to members' approval accorded through postal ballot on March 25, 2023, providing the necessary authorization for this private placement.

Terms and Conditions of NCRPS

The non-convertible redeemable preference shares come with specific terms and conditions that define their characteristics and rights:

Preferential Rights and Dividend Structure

• Carry preferential rights vis-a-vis equity shares for dividend payment and capital repayment
• Do not carry any dividend (0% dividend rate)
• Non-participating in surplus funds and assets
• Non-participating in surplus profits after capital repayment during winding up

Redemption and Conversion Features

• Non-convertible nature ensures no conversion to equity shares
• Redeemable at maximum premium of 18% simple per annum on issue price
• Maximum redemption value of ₹400.00 per share
• Redemption period within maximum 20 years from date of issue as per Companies Act, 2013
• Redemption at company's discretion in one or more tranches

Governance and Transfer Provisions

The preference shares are structured with specific governance features:

• Voting Rights: No voting rights conferred on preference shareholders
• Transferability: Limited to select group including promoters, promoter group entities, and related parties
• Modification: Terms and conditions may be varied subject to mutual agreement and applicable laws

Impact on Share Capital

Since the company allotted non-convertible redeemable preference shares, there is no change in the paid-up equity share capital of TCI Industries Limited. The shares will not be convertible into equity shares and accordingly will not be listed on any stock exchange.

The company has informed BSE Limited about this allotment, ensuring compliance with regulatory disclosure requirements under applicable regulations.

TCI Industries Limited , a company known for providing space for film shooting, rental income, TV serials, and advertisements, has announced a significant addition to its leadership team. The company's Board of Directors has approved the appointment of Ms. Anisha Dada as the new Company Secretary and Compliance Officer, effective November 14, 2025.

Key Appointment Details

Ms. Dada brings a strong background in corporate governance and legal compliance to her new role at TCI Industries. Her appointment was made based on the recommendation of the company's Nomination and Remuneration Committee and was approved during a board meeting held on November 14, 2025.

Professional Background

Ms. Anisha Dada's credentials include:

• Associate membership with the Institute of Company Secretaries of India
• Law graduate from Pune University
• Experience in Corporate Governance, Secretarial Compliance, and Due Diligence

Simultaneous Leadership Changes

Alongside Ms. Dada's appointment, TCI Industries also announced the appointment of Mr. Jay Ahire as the company's new Chief Financial Officer, effective the same date. Mr. Ahire, who has been with the company since 2012, brings nearly two decades of experience in accounting and financial management to his new role.

Company Performance Context

The appointments come at a time when TCI Industries has reported mixed financial results for the quarter and half-year ended September 30, 2025:

The company has shown significant improvement in its quarterly performance, turning a profit in Q2 FY2026 compared to a loss in the same quarter of the previous year. However, it continues to face challenges on a half-yearly basis.

These strategic appointments may be seen as part of TCI Industries' efforts to strengthen its leadership team and improve its corporate governance structure as it navigates through a period of financial recovery and growth.

The company's focus on enhancing its management capabilities comes as it continues to operate in the competitive space of providing services for the entertainment industry, including film shooting locations and advertising spaces.