Transport Corporation of India Limited has completed the extinguishment of 1,562,500 equity shares that were bought back through a tender offer process. The buyback was conducted at a price of ₹960 per equity share of face value ₹2 each, for an aggregate amount not exceeding ₹150 crore.

Key Details of the Buyback

  • Number of shares bought back and extinguished: 1,562,500 equity shares
  • Face value per share: ₹2
  • Buyback price per share: ₹960
  • Total buyback size: ₹150 crore
  • Method: Tender offer route on proportionate basis
  • Regulatory framework: SEBI (Buy-Back of Securities) Regulations, 2018

Timeline of Events

  • Board approval date: September 29, 2026
  • Public announcement date: September 29, 2026 (published September 30, 2026)
  • Corrigendum date: September 30, 2026 (published October 1, 2026)
  • Letter of offer date: October 11, 2026
  • Tendering period: October 15, 2026 to October 22, 2026 (until 5:00 PM IST)
  • Buyback committee meeting: October 28, 2026
  • Extinguishment date: October 30, 2026
  • Post buyback public announcement: October 28, 2026 (published October 29, 2026)

Share Capital Impact

| Particulars | Number of Equity Shares | Equity Share Capital (₹) |

| Pre-extinguishment | 76,831,142 | 153,662,284 |

| Equity shares extinguished (demat) | 1,562,500 | 3,125,000 |

| Equity shares extinguished (physical) | Nil | Nil |

| Post-extinguishment | 75,268,642 | 150,537,284 |

Extinguishment Details

All 1,562,500 shares were extinguished in dematerialized form through:

  • Depository: National Securities Depository Limited
  • Depository Participant: Ventura Securities Limited (DP ID: IN303116)
  • Company Client ID: 16094020
  • No physical shares were tendered or extinguished

Shareholding Pattern Change

| Category | Pre-Buyback Shares | Pre-Buyback % | Post-Buyback Shares | Post-Buyback % |

| Promoters & Promoter Group | 52,749,590 | 68.66% | 52,749,590 | 70.08% |

| Foreign Investors | 2,337,276 | 3.04% | - | - |

| Financial Institutions/NBFC | 9,754,789 | 12.70% | - | - |

| Others (Public, Corporate) | 11,989,487 | 15.60% | - | - |

| Total | 76,831,142 | 100.00% | 75,268,642 | 100.00% |

Note: Post-buyback shareholding shows foreign investors, financial institutions, and others collectively holding 29.92% (22,519,052 shares)

Compliance and Certifications

The company has provided:

1. Certificate signed by KFin Technologies Limited (Registrar to the Buyback), Vinod Kothari & Company (Secretarial Auditors), and the company confirming compliance with Regulation 11 of SEBI Buyback Regulations

2. Confirmation letter from National Securities Depository Limited dated October 30, 2026 confirming extinguishment of 1,562,500 equity shares

3. The extinguishment was approved by the Buyback Committee in their meeting held on October 28, 2026