Inter-se promoter transfer of 1,23,000 shares (0.32%) disclosed under Regulation 29(2)

Promoter group reshuffle, not an exit.

Thu 1 Oct 2026

TCI Trading shares sold

1,23,000 shares (0.32%)

TCI Trading holding change

11,19,497 (2.91%) to 9,96,497 (2.59%)

Dharmpal Agarwal shares bought

1,23,000 shares (0.32%)

Dharmpal Agarwal holding change

4,19,314 (1.09%) to 5,42,314 (1.41%)

Transaction date

September 30, 2026

What happened

TCI Express informed the exchanges of disclosures received under Regulation 29(2) of the SEBI Takeover Regulations from two entities in its Promoter and Promoter Group.

• M/s. TCI Trading sold 1,23,000 equity shares, equal to 0.32% of capital.
• Its holding moved from 11,19,497 shares (2.91%) to 9,96,497 shares (2.59%).
• Mr. Dharmpal Agarwal purchased 1,23,000 shares, equal to 0.32%.
• His holding moved from 4,19,314 shares (1.09%) to 5,42,314 shares (1.41%).

Nature of the deal

The mode is stated as inter se transfer by way of open market, dated September 30, 2026. The same quantity moved from one promoter group entity to another, so the combined promoter group holding is not altered by this transaction.

Capital base

Equity share capital before and after remains Rs. 7,68,88,330 divided into 3,84,44,165 equity shares of Rs. 2.00 each. There is no issue of new shares and no dilution.

How investors may read it

Such intra-promoter transfers are typically reorganisations of holdings within a family or group structure rather than a change in control or a change in overall promoter commitment. The disclosure is informational and involves no cash inflow to the company.

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