Transport Corp’s board opened a ₹150 crore buyback, buying up to 1.56 million shares at ₹960 each, and the stock jumped 14% before the meeting.
The offer, capped at 2.03% of paid‑up equity, will be open to all eligible shareholders on a proportionate basis; promoters and their group are excluded, with the record date set for October 9, 2026.
According to the board’s filing, TCI’s net worth sits at ₹2,556 crore as of March 2026, while cash and current assets total ₹317 crore, meaning the buyback represents roughly 5.8% of net worth—well below the 10% of net‑worth level discussed earlier.
The company’s Q1 performance and the board’s earlier statement that it aims for 10–12% revenue growth in FY27 add weight to the buyback as a signal of confidence; a wholly‑owned subsidiary in China has also been approved, with an initial $2 million commitment to feed an India‑China‑Far East logistics corridor.
Looking ahead, the board will monitor the buyback price and may increase it, reducing the number of shares purchased while keeping the total spend unchanged. Q2 earnings are expected in early October, and analysts will weigh the buyback’s impact on earnings per share and cash‑flow projections.