Transport Corporation of India Limited has filed regulatory disclosures regarding share transfer transactions executed by promoter group members on February 23, 2026. The transactions involved three members of the promoter group conducting inter-se transfers totaling 8,00,000 equity shares.

Transaction Details

The share transfers were executed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 29(2). Two promoter group members acquired shares while one member disposed of shares through inter-se transfers.

Holdings Before and After Transactions

The transactions resulted in changes to individual promoter group member holdings while maintaining overall promoter group ownership structure.

Vihaan Agarwal Holdings

Nav Agarwal Holdings

Priyanka Agarwal Holdings

Company Share Capital Structure

The company's equity share capital structure remained unchanged following these inter-se transfers among promoter group members.

Regulatory Compliance

All three promoter group members filed their respective disclosures with BSE Limited and National Stock Exchange of India Limited on February 24, 2026. The transactions were executed through inter-se transfers, a common method for share transfers among promoter group entities. The disclosures comply with SEBI regulations requiring notification of substantial share acquisitions and disposals by promoter group members.

Transport Corporation of India Limited has entered into a strategic collaboration with French company FLYING WHALES to revolutionize heavy-lift logistics solutions across India. The partnership was announced on February 17, 2026, with the MOU signed during the official summit between French President Emmanuel Macron and Prime Minister Narendra Modi.

Strategic Partnership Details

The collaboration brings together TCI, India's leading integrated logistics and supply chain solutions provider, with FLYING WHALES, a French-Canadian company developing the innovative LCA60T aeronautical program. The partnership was formalized in the presence of key executives from both organizations.

Revolutionary LCA60T Technology

The LCA60T represents a breakthrough in cargo transportation technology, featuring a rigid cargo airship design with exceptional capabilities. This innovative solution addresses critical logistics challenges in hard-to-reach areas while maintaining environmental sustainability.

Market Applications and Strategic Impact

The collaboration targets industries requiring transportation of large, over-dimensional equipment up to 60-ton parcels, particularly in remote and challenging locations. The applications span multiple critical sectors:

• Defense: Heavy lift logistics and emergency operations
• Energy/Power: Power transmission projects including HVDC inter-state transmission lines in Ladakh
• Infrastructure: Trans-Himalayan tunnel construction and border infrastructure development
• Disaster Relief: Emergency logistics for floods and natural disasters
• Healthcare Services: Medical equipment transportation to remote areas

Global Expansion Strategy

FLYING WHALES is advancing discussions to establish its third global hub in Tamil Nadu, India, under its "Three Pillars" strategy. This strategic positioning would make India the center for production and operational activities serving the Middle East and Asia-Pacific regions.

Leadership Perspectives

Mr. Vineet Agarwal, Managing Director of TCI, emphasized the partnership's alignment with national objectives: "TCI has consistently partnered with leading global and domestic organizations to provide state-of-the-art logistics solutions for our customers. Flying whales innovative technology will provide low carbon, efficient solutions to remotest locations thus accelerating PM Gati Shakti National Master Plan for Multi-modal connectivity."

Sébastien Bougon, President of FLYING WHALES, highlighted the collaboration's significance: "Marking our first strategic partnership in India, this collaboration with TCI is a pivotal step in FLYING WHALES' international expansion. By combining our LCA60T technology, the world's only solution for heavy-lift transport without ground infrastructure with TCI's unparalleled logistical expertise, we are providing a tangible answer to India's connectivity and ecological transition challenges."

Company Profiles

TCI operates as India's leading $1.5 billion diversified logistics group, managing 2% of India's GDP by cargo value annually. The company maintains a nationwide multimodal network across road, rail, coastal, air, and warehousing operations, supported by nearly 1400 offices, hubs, yards, and warehouses.

FLYING WHALES, originally designed to meet renewable wood resource exploitation needs in hard-to-reach areas, has expanded its vision to address global logistical challenges with minimal environmental impact. The company is also developing FLYING WHALES SERVICES as the operating subsidiary for LCA60T operations.