TCI Industries has informed that pursuant to the Members approval accorded through Postal Ballot on March 25, 2023, the Share Allotment Committee of the Board of Directors of the Company at its meeting held today i.e. November 02, 2023 has issued and allotted 5,000, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs 100 each at a premium of Rs 300 each on Private Placement basis to ‘Transcorp Estates Private Limited’ an entity belonging to the Promoter and Promoter Group of the Company for cash. The terms & conditions of NCRPS as approved by the Members of the Company are enclosed.
The above information is a part of company’s filings submitted to BSE.
