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Transport Corporation of India concludes payment of final dividend

31 May 2012 Evaluate

Transport Corporation of India has informed that the Board of Directors of the Company at its meeting held on May 30, 2012, transacted the payment of final dividend at the rate of 30% (Rupee 0.60 per share of face value of Rs. 2 each) in addition to the interim dividend of 20% (Rupee 0.40 per share) aggregating to 50% (Rupee One per share of face value of Rs. 2 each) to the Shareholders whose names appear on the Register of Members on the Record Date to be decided in consultation with the stock Exchanges.

Further the board decided that the next Annual General Meeting of the Shareholders of the Company shall be convened on July 26, 2012 and granted 3, 50,000 Options to the eligible employees at a price of Rs. 30 per Option under the “Employees Stock Option Scheme 2006 - Part V as recommended by the Compensation/Remuneration Committee.

The above information is part of company’s filing submitted to the BSE.

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