Public Announcement Published for Rs. 150 Crore Buyback at INR 960 per Share via Tender Offer

TCI has published the public announcement for its buyback.

Wed 30 Sep 2026

Buyback Size

Up to 1,562,500 equity shares

Buyback Price

INR 960 per share

Total Outlay

Up to INR 1,500,000,000 (Rs. 150 crore)

Record Date

October 9, 2026

Route

Proportionate basis, tender offer

What was shared

The Company has submitted to BSE and NSE the Public Announcement dated September 29, 2026 for its proposed buyback, published on September 30, 2026 in Financial Express (English, all editions), Jansatta (Hindi, all editions) and Nava Telangana (Telugu, Hyderabad).

Buyback terms

• Up to 1,562,500 fully paid-up equity shares of face value INR 2 each
• Buyback price: INR 960 per equity share, payable in cash
• Aggregate amount not exceeding INR 1,500,000,000 (Indian Rupees One Hundred and Fifty Crore only)
• Route: proportionate basis through the tender offer route, using the stock exchange mechanism
• Shares proposed to be bought back represent about 2.03% of the total number of equity shares in the total paid-up equity capital

Size against capital and reserves

The buyback size is 6.76% of the total paid-up equity capital and free reserves on a standalone basis and 6.15% on a consolidated basis, as per the audited financial statements as at March 31, 2026 — within the 10% limit that allows approval by the Board without a shareholder resolution.

Record Date and entitlement

The Record Date fixed for determining entitlement is October 9, 2026. Shareholders holding shares on that date and whose names appear in the register will be eligible. Fifteen percent of the number of shares proposed to be bought back is reserved for Small Shareholders (those holding shares of market value not more than INR 2,00,000 on the record date).

Funding and intermediaries

The funds will be sourced from the Company's free reserves and securities premium account, or as otherwise permitted; borrowed funds from banks and financial institutions will not be used. The Company will transfer from free reserves or securities premium an amount equal to the nominal value of shares bought back to the Capital Redemption Reserve. ICICI Securities Limited is the Manager to the Buyback, KFin Technologies Limited is the Registrar, and BSE Limited is the Designated Stock Exchange.

Promoters

The promoter and promoter group hold 52,749,590 equity shares, being 68.66% of equity shareholding. Under the tender offer route they have an option to participate; the Promoter and Promoter Group have expressed their intention not to participate in the Buyback.

What it means for investors

A buyback returns cash to shareholders who tender shares, and the Company states it may help improve earnings per share and return on equity. Since it is a proportionate tender offer, the number of shares actually accepted from each shareholder depends on total tenders received. Shareholders can decide whether to participate once the Letter of Offer is dispatched.

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