Just after the end of the normal trading session in the Indian stock market on Thursday, September 24, Transport Corporation of India Limited (TCI), a major giant in the logistics and supply chain sector, has made an extremely important corporate announcement for its shareholders. The company has informed the stock exchanges in a formal regulatory filing that an important meeting of its board of directors is going to be held on Tuesday, September 29, 2026. In this much-awaited board meeting, the proposal for buyback of fully paid-up equity shares of the company will be discussed in detail and final approval can be given to it. Due to this big news that came after the market closed, the eyes of investors and analysts of Dalal Street are now fixed on the official decisions to be taken on September 29.
According to the regulatory filing filed by the company under the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the scope of buyback will be decided in the upcoming meeting of the board of directors based on an assessment of the financial health and surplus cash flows of the company. The entire process will be carried out in accordance with the strict guidelines of the relevant sections of the Companies Act, 2013, SEBI (Buy-Back of Securities) Regulations and other applicable corporate laws of the Central Government. Share buyback is a corporate process by any listed company to buy back its own shares from the market or from the existing shareholders at a premium, which shows the strong confidence of the promoters and management in the company and increases the chances of improving the earnings per share (EPS).
In a regulatory filing, Transport Corporation of India (TCI) has clarified that in compliance with the stringent standards of SEBI (Prohibition of Insider Trading) regulations and the company’s own ‘Code of Conduct for Prevention of Insider Trading’, any transaction in shares of the company’s nominees, directors, promoters and their close relatives has been prohibited with immediate effect. It has also been clarified by the company that this restriction of the trading window will not be limited only to the board meeting of September 29, but will remain in effect continuously till 48 hours after the results of the upcoming board meeting to be held for the announcement of un-audited financial results of the second quarter (Q2 FY27) of the current financial year 2026-27 are made public, so that the possibility of unfair advantage of any kind of confidential information can be completely eliminated.
The equity shares of Transport Corporation of India are actively traded on the National Stock Exchange (NSE) under the symbol ‘TCI’ and on the Bombay Stock Exchange (BSE) with the scrip code ‘532349’. The company has made it clear in its preliminary information that what will be the offer price per share for buyback, how many crores of rupees will be the total size of buyback, how many equity shares will the company buy back and whether this buyback will be done through tender route or through open market purchase, the official announcement of all these technical and financial details will be made public only after getting the formal approval of the board on September 29. Market experts believe that given the strong demand in the logistics sector and the solid fundamentals of the company, investors are expecting an attractive premium on this buyback.