Board Meeting16 Jun 2026, 04:16 pm
TCI Industries Board Approves Share Capital Reclassification & NCRPS Issue
AI Summary
TCI Industries Ltd's Board of Directors met on June 16, 2026, approving key corporate actions. The board sanctioned the reclassification of authorized share capital and a consequential alteration to the Memorandum of Association. Additionally, they approved the private placement issuance of up to 2,50,000 Non-Convertible Redeemable Preference Shares (NCRPS) with a face value of ₹100 each, at an issue price of ₹400 (including a ₹300 premium), totaling ₹10 crore. These NCRPS will be issued to promoter(s), promoter group entities, and related parties. The board also took on record the valuation report for this NCRPS issue and approved the draft notice for the company's 61st Annual General Meeting.
Key Highlights
- Board approved reclassification of authorized share capital.
- Approved private placement of ₹10 crore in NCRPS to promoters.
- NCRPS issue price set at ₹400 per share, including ₹300 premium.
- Valuation report for NCRPS issue was taken on record.
- Draft notice for 61st AGM approved.
Price Impact
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