TCI Express Limited , a leader in express logistics services, has released its financial results for the second quarter of fiscal year 2026, along with significant corporate announcements that signal the company's expansion plans.

Financial Performance

TCI Express reported the following financial results for the quarter ended September 30, 2025:

Strategic Initiatives

In addition to the financial results, TCI Express announced two significant strategic moves:

Acquisition Approval

The Board of Directors has approved the acquisition of 100% equity shares of TCI Global (Singapore) Pte. Ltd. This acquisition will be made through TCI Express Pte. Ltd., a wholly-owned subsidiary of TCI Express Limited. The target company is valued at up to SGD 18,000 (subject to prevailing foreign exchange rates).

Key points about the acquisition:

• TCI Global (Singapore) Pte. Ltd. was incorporated in 2006
• It operates in transport and logistics services
• The company has recorded no turnover in the last three financial years

Corporate Guarantee

The Board has also approved the issuance of a Corporate Guarantee of up to SGD 5 million in favor of DBS Bank Limited. This guarantee is on behalf of TCI Express Pte. Ltd., to secure banking facilities for the subsidiary.

Expansion Strategy

These moves indicate TCI Express's intent to strengthen its presence in the Singapore region. The strategic acquisition aims to enhance the company's regional presence and strengthen global logistics operations.

Conclusion

TCI Express's financial results and strategic moves demonstrate the company's focus on international expansion and strengthening its global logistics capabilities. The acquisition of the Singapore entity and the financial backing for its subsidiary align with TCI Express's broader goals of enhancing its regional presence and improving resource optimization in the global logistics and express business sectors.

TCI Express has announced a significant corporate action involving its parent company, Transport Corporation of India Limited (TCI). The Board of Directors of TCI has approved the sale of 100% equity shares of TCI Global (Singapore) Pte. Ltd. to TCI Express Pte. Ltd., a wholly owned subsidiary of TCI Express. This move is aimed at facilitating TCI Express's expansion in the Singapore region.

Transaction Details

The proposed transaction involves TCI Holdings Asia Pacific Pte. Ltd., a step-down wholly owned subsidiary of TCI, selling its stake in TCI Global Singapore. Here are the key details of the deal:

Strategic Rationale

TCI Express intends to expand its presence in the Singapore region through this acquisition. The company believes that acquiring TCI Global Singapore may be a faster and more cost-effective way to achieve this goal compared to other expansion strategies.

Target Company Profile

TCI Global (Singapore) Pte. Ltd. operates in the logistics industry. Notably, the company has reported nil turnover for the last three years, which may indicate dormant operations or a strategic holding position.

Related Party Aspects

The transaction is classified as a related party transaction due to the following connections:

• Mr. Chander Agarwal serves as both the Managing Director of TCI Express and a Director of TCI Global Singapore.
• All companies involved are related parties through common control by the promoter group.

Despite these connections, the transaction is stated to be conducted on an arm's length basis, ensuring fairness in the deal terms.

Next Steps

The management of TCI Express plans to present the proposal to their Board of Directors for approval at a meeting scheduled for November 6, 2025. The outcome of this meeting, including critical details such as the cost of acquisition and the percentage of shareholding to be acquired, is expected to be disclosed following the board meeting.

Regulatory Compliance

The disclosure of this corporate action is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No specific governmental or regulatory approvals are required for this acquisition.

This strategic move by TCI Express underscores the company's ambition to strengthen its foothold in the Singapore market, potentially opening up new opportunities for growth in the region's logistics sector. Investors and market watchers will likely be keenly awaiting the final approval and subsequent disclosures to assess the full impact of this acquisition on TCI Express's operations and financial outlook.