TCI Express Limited’s Board of Directors approved several key decisions at its meeting held on May 27, 2026, including the grant of 46,200 stock options to eligible employees at ₹250 per option under the Employees Stock Option Plan-2016.
The Board reviewed and adopted the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. For the full financial year, the company reported net sales from operations of ₹1,236.16 crore on a standalone basis and ₹1,237.41 crore on a consolidated basis. Other income stood at ₹14.26 crore standalone and ₹15.26 crore consolidated for FY2026.
In terms of personnel changes, the Board approved the re-appointment of Chander Agarwal as Managing Director for a further term of five consecutive years effective August 17, 2026, subject to Central Government approval and other applicable statutory or regulatory clearances. Vineet Agarwal’s re-appointment as Director liable to retire by rotation was also recommended, pursuant to the Companies Act, 2013.
Additionally, the Board appointed Pavan Kumar Munjuluri and Vikram Mehta as Additional Directors in the Non-Executive Independent Director category, each for a term of five consecutive years effective May 27, 2026. Soumya Ranjan Rout was appointed as Senior Management Personnel in his capacity as IT-Head.
The Board approved a revised Nomination and Remuneration Policy, strengthening the framework for succession planning across the organisation’s Directors, Key Managerial Personnel and Senior Management Personnel. An Executive Committee was constituted to facilitate efficient operational management and expeditious decision-making on business and administrative matters.
The Board also approved matters relating to the company’s 18th Annual General Meeting, with further intimation regarding the date, remote e-voting facility and related disclosures to follow in due course.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).