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.

TCI Industries Limited has announced its unaudited financial results for the quarter ended 31st December 2025, showcasing a remarkable operational turnaround. The Board of Directors approved these results at their meeting held on 6th February 2026, with the financial statements prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors V. Singhi & Associates.

Board Meeting and Regulatory Compliance

The company's Board of Directors convened on 6th February 2026, with the meeting commencing at 14:45 hours and concluding at 15:40 hours. The board considered and approved the unaudited financial results for Q3FY26, along with the Limited Review Report issued by V. Singhi & Associates, Chartered Accountants. This announcement was made pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strong Quarterly Performance

The company delivered impressive financial results for Q3FY26, marking a significant improvement across key metrics. The quarterly performance demonstrates effective operational management and business recovery from previous year losses.

Nine-Month Financial Highlights

The nine-month period ended 31st December 2025 reflects sustained improvement in the company's financial position. TCI Industries achieved profitability after experiencing significant losses in the corresponding period of the previous year.

Operational Efficiency and Cost Management

The company demonstrated improved cost management during the quarter. Total expenses for Q3FY26 were ₹119.46 lakhs compared to ₹161.79 lakhs in Q3FY25, representing a decrease of 26.18%. The expense breakdown shows strategic cost optimization across various categories.

Business Operations and Capital Structure

TCI Industries operates in a single segment focused on income from rendering services by providing space for film shooting, rental income, TV serials and advertisements. The company's paid-up equity share capital remains stable at ₹90.67 lakhs with face value of ₹10 per share.

During the nine-month period, the company allotted 32,500 0% Non-Convertible Redeemable Preference Shares of ₹100 each at an issue price of ₹400 each, including a premium of ₹300. These preference shares are redeemable within 20 years at a premium of 18% per annum on the issue price and have been classified as equity based on legal opinion under Ind AS 32.