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TCI Express Limited is an express cargo logistics company with its own set up across India. It carries distribution through various modes of transport and is specialized in offering time definite solutions.
TCI Express issued 25,175 new equity shares to eligible employees through its ESOP-2016 scheme. This allotment slightly increases the company's total outstanding shares.
TCI Express shareholders approved key board changes at the AGM: Mr. Chander Agarwal re-appointed MD for five years. Mr. Pavan Kumar Munjuluri and Mr. Vikram Singh Mehta appointed as Non-Executive Independent Directors for five-year terms, ensuring leadership continuity and strengthening governance.
TCI Express delivers strong quarterly results: Revenue Rs. 312 Cr (+8.7% YoY), PAT Rs. 22 Cr. E-Commerce Express surged 63% YoY. Network expanded past 1,000 branches, with Air Express network expansion planned.
TCI Express reported Q1 consolidated revenue of 328.08 Cr and net profit of 21.84 Cr. Board committees were reconstituted. Management is confident regarding a 51.36 Cr GST demand appeal, expecting no adverse financial impact.
TCI Express reports Q1 financial results: Consolidated revenue rose to 328.08 Cr, net profit hit 21.84 Cr. Board committees were also reconstituted. The company faces a 51.36 Cr GST demand, which management is confident of prevailing against.