TCI Approves China Subsidiary and INR 1.5B Buyback

Reporting Period (Quarter/Year): Not Applicable (Board Meeting Decisions)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

Date of Board Meeting / Approval: September 29, 2026

Audit Opinion: Not Specified

Auditor’s Comment: Not Specified

Standalone Results: Not Specified

Consolidated Results: Not Specified

Segment-wise Performance: Not Specified

Dividend declarations: Not Specified

Buyback Approval:

Approved buyback of up to 1,562,500 fully paid-up equity shares (face value INR 2 each)
Represents 2.03% of the total paid-up equity share capital
Buyback price set at INR 960 per equity share
Total buyback size: INR 1,500,000,000 (INR Fifteen Hundred Million)
Buyback size represents 6.76% and 6.15% of aggregate of fully paid-up equity share capital and free reserves as per latest audited standalone and consolidated financial statements as at March 31, 2026, respectively
Transaction costs (brokerage, fees, taxes, SEBI filing fees, advisor/legal fees, publication expenses) are excluded from the buyback size
Method: Tender offer route
Eligibility: All equity shareholders/beneficial owners as on record date, excluding promoters and promoter group members
Promoters and promoter group have expressed intention not to participate via letter dated September 29, 2026
Record date set for October 9, 2026
Buyback Committee formed to manage the process

Capital Raising: Not Specified

Pre-buyback Shareholding Pattern (as on September 25, 2026):

Promoter and Promoter Group: 52,749,590 shares (68.66%)
Mutual Funds: 8,631,817 shares (11.23%)
Resident Individuals (Up to Rs. 2 Lakhs): 6,920,498 shares (9.00%)
Resident Individuals (Excess of Rs. 2 Lakhs): 1,053,882 shares (1.37%)
Foreign Portfolio - Corp: 2,322,258 shares (3.02%)
IEPF Authority: 1,158,525 shares (1.51%)
HUF: 1,099,248 shares (1.43%)
Bodies Corporates: 950,372 shares (1.24%)
Alternative Investment Fund: 759,526 shares (0.99%)
Qualified Institutional Buyer: 653,949 shares (0.85%)
Non Resident Indian (Non Repatriable): 270,006 shares (0.35%)
Non Resident Indian (Repatriable): 243,946 shares (0.32%)
Other categories (Clearing Members, Trusts, FIIs, NBFC, Banks): Minimal holdings
Total Shareholders: 47,787
Total Equity Shares: 76,831,142

Meeting Timing: Commenced at 11:15 AM and concluded at 1:30 PM

Post-buyback shareholding pattern: To be ascertained after completion of buyback