Pursuant to the Members approval accorded through Postal Ballot on March 25, 2023, TCI Industries has informed that the Share Allotment Committee of the Board of Directors of the Company at its meeting held today January 11, 2024 has issued and allotted 2500, 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’ an entity belonging to the Promoter and Promoter Group of the Company for cash. The company has enclosed the terms & conditions of NCRPS, as approved by the Members of the Company.
The above information is a part of company’s filings submitted to BSE.
