TCI Industries has informed that pursuant to the Members approval accorded through Postal Ballot on July 06, 2022, the Share Allotment Committee of the Board of Directors of the Company at its meeting held on October 18, 2022 has issued and allotted 1,250, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs 100 each at a premium of Rs 300 each to Ayan Fintrade an entity belonging to the Promoter and Promoter Group of the Company for cash. As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.
The above information is a part of company’s filings submitted to BSE.