Transcorp International Limited (TIL) has made several significant announcements, including an interim dividend declaration, approval of Employee Stock Options (ESOPs), and changes to its board composition. These developments come as part of the company's recent board meeting and financial results for the quarter ended September 30, 2025.

Dividend Declaration and Financial Performance

The Board of Directors has approved an interim dividend of 10% per equity share, amounting to Rs. 0.20 per share (face value Rs. 2.00). The record date for dividend eligibility is set for November 10, 2025, with the book closure period from November 11 to November 13, 2025.

In terms of financial performance, Transcorp International reported a consolidated revenue of Rs. 249.22 crores for the quarter, showing an increase from Rs. 229.26 crores in the previous quarter.

ESOP Grants and Internal Auditor Appointment

The Nomination & Remuneration Committee has approved the grant of Employee Stock Options under the TIL ESOP Scheme 2017. The options were priced at a 40% discount to the closing share price of Rs. 23.67 on October 31, 2025, resulting in a grant price of Rs. 14.20 per share.

The vesting schedule for these options is as follows:

• 30% on November 1, 2026
• 30% on November 1, 2027
• 40% on November 1, 2028

Additionally, the Board has appointed M/s G R A M AND ASSOCIATES LLP as the Internal Auditor for the financial year 2025-26.

Board and Committee Changes

Mr. Purushottam Agarwal, Non-Executive Independent Director and Chairman of the Audit Committee, will complete his second term and step down from his position on November 30, 2025.

Effective December 1, 2025, the Audit Committee will be reconstituted with the following members:

These corporate actions reflect Transcorp International's commitment to rewarding shareholders, incentivizing employees, and ensuring robust governance structures. Investors and stakeholders should take note of these developments as they may impact the company's financial outlook and operational dynamics in the coming quarters.

Transcorp International Limited has announced significant changes to its board structure and reported strong financial growth for the first quarter. The company, a leading player in the financial services sector, made these announcements following its board meeting held on July 31.

Board Restructuring

Transcorp International has appointed Mr. Sujan Sinha as the Chairman of the Board of Directors, effective August 1. Mr. Sinha, who holds the position of Non-Executive Independent Director, brings extensive experience in the financing industry, having worked with numerous NBFC companies.

In another key appointment, Mr. Harshvardhan Raghunath has been named the Chairman of the Nomination and Remuneration Committee (NRC), also effective from August 1. Mr. Raghunath, a Non-Executive Independent Director, boasts a rich background in banking, financial services, insurance, asset management, and various other sectors. He previously served as a Partner & Director at Boston Consulting Group.

The reconstituted Nomination and Remuneration Committee now comprises:

• Mr. Harshvardhan Raghunath (Chairman)
• Mr. Sujan Sinha (Member)
• Mr. Vedant Kanoi (Member, Non-Executive Non-Independent Director)

Q1 Financial Highlights

Transcorp International has reported robust financial growth for the quarter ended June 30:

Despite a decrease in total revenue, the company has shown significant improvement in profitability, with PBT rising by 159% year-on-year.

Operational Highlights

• The company's revenue from the sale of foreign currency increased to ₹8,373.92 lakhs in Q1.
• Revenue from the sale of traveller cheques and cards grew to ₹4,871.21 lakhs.
• Transcorp reached a milestone of 5 million Transcorp PPI Cards during the quarter.
• The Financial Inclusion Division reported a steady increase in income from April to June.

Employee Stock Options

The Nomination and Remuneration Committee has allotted 24,900 equity shares (face value ₹2 each) under the Employee Stock Option Plan 2017. This allotment has increased the company's total issued shares to 3,19,53,244 and the paid-up share capital to ₹6,39,06,488.

Mr. Rajesh Garg, Executive Director, commented on the results, stating, "We've had a strong start to the fiscal year, with healthy growth across our core segments. The rise in profitability and revenues reflects our ongoing commitment to operational excellence, digital transformation, and customer-centric innovation."

Transcorp International continues to focus on financial inclusion and technological advancements in the financial services sector, positioning itself for sustained growth in the coming quarters.