Transport Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 08, 2015, has approved the Scheme of Arrangement between Transport Corporation of India Limited (TCI) and its wholly owned subsidiary, TCI Express Ltd. (Formerly known as TCI Properties (Pune) Ltd.) for Demerger and Transfer of Express Distribution (XPS) Undertaking, & delayering of TCI's global holding structure by liquidation of its wholly owned subsidiary, TCI Global Holding (Mauritius) Ltd. and consequent capital reduction pursuant to Sections 391 to 394 & Section 100 to 103 of the Companies Act, 1956 read with Sections 52 of the Companies Act, 2013, as reviewed and recommended by the Audit Committee of the Company and subject to requisite approvals of the Shareholders and creditors of the respective companies and the sanction of the Hon'ble High Court of Hyderabad for the State of Tefangana & for the State of Andhra Pradesh, Stock Exchanges, SEBI or such other competent authority(ies) and other necessary statutory/other approvals. The salient features of the Scheme are as under: 1. The appointed date would be closing business hours of March 31, 2016 or such other date as may be approved by the Hon'ble High Court. 2. The Equity Shareholders of TCI shall receive 1 (one) Equity Shares of Rs. 2/- each of TCI Express Ltd. for every 2 (Two) Equity Shares of Rs. 2/- each held on the Record Date in the Company. 3. As part of the Scheme, TCI Express Ltd. shall also seek listing on the Stock Exchange(s) after approval of the Scheme by the Hon'ble High Court. 4. The Company has choosen Bombay Stock Exchange (BSE) as the designated Stock Exchange in compliance with SEBI Circular dated February 04, 2013 read with Circular dated May 21, 2013 and any amendments thereto. Transport Corporation of India Ltd has informed BSE that the Equity Shareholders of the Company at the Court Convened Meeting in their meeting held on March 19, 2016 have unanimously approved the scheme of arrangement between Transport Corporation of India Limited and TCI Express Limited and their respective shareholders and creditors. Further, the Company inform that the Un-Secured Creditors have at the Court convened meeting held on even date have also unanimously approved the above scheme. Transport Corporation of India Ltd at the Court Convened Meeting (CCM) held on Saturday, 19th 2016 at 11:00 A.M at FTAPCCI Auditorium, Ground Floor, The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry Federation House, FAPCCI Marg, Red Hills, Hyderabada-500004, Telangana, approved with requisite majority the Scheme of Arrangement between Transport Corporation of India Limited ('the Transferor Company') and TCI Express Limited [Formerly known as TCI Properties (Pune) Ltd.] ('the Resulting Company') and their respective shareholders and creditors under section 391-394 of the Companies Act, 1956. (As Per BSE Announcement Dated on 21.03.2016) With reference to the earlier letter dated March 19, 2016, intimating about the approval of the Scheme of Arrangement by the Shareholders and unsecured Creditors of the Company in their respective Meetings held on March 19, 2016. Further subsequent to the Petition filled by the Company, the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh has granted June 06, 2016 as the next date of hearing in this regard. Further, Transport Corporation of India Ltd has now submitted to BSE a copy of the Notice of petition published in the newspapers, as directed by, the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh. (As per BSE Announcement dated 19.04.2016) With reference to the earlier letter dated April 19, 2016, intimating about the hearing of petition on June 06, 2016 on the Scheme of Arrangement between Transport Corporation of India Limited and TCI Express Limited and their respective Shareholders and Creditors before the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and for the State of Andhra Pradesh, the appointed date being close of working hours of March 31, 2016. In this regard, Transport Corporation of India Ltd has now informed BSE that on the scheduled date, the matter came up for hearing only at 4.25 p.m. before the High Court & was adjourned for hearing on Monday, the June 13, 2016. Accordingly, the matter is now posted for hearing on Monday, the June 13, 2016. (As per BSE Announcement dated on 07.06.2016) With reference to the earlier letter dated June 07, 2016, intimating about the adjournment of hearing of petition from June 06, 2016 to June 13, 2016 on the Scheme of Arrangement between Transport Corporation of India Limited and TCI Express Limited and their respective Shareholders and Creditors before the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and for the State of Andhra Pradesh. In this regard, Transport Corporation of India Ltd has now informed BSE that the matter could not be heard as per the above schedule as there was a boycott in the Hon'ble High Court of Hyderabad. Hence, the above matter was again posted today i.e. June 14, 2016 for hearing. Accordingly, today, after hearing the matter at length, the Hon'ble High Court has been pleased to sanction the Scheme of Arrangement. The letter received from the advocate in this regard is enclosed herewith. The Certified copy of the Order is awaited. The effectiveness of the said Scheme is, interalia, subject to filling of the Certified Copy of the said Order with Registrar of Companies, Andhra Pradesh and Telangana, Hyderabad. Upon receipt of the Certified Copy of the Order, the Company shall notify the Stock Exchange(s) and shall also upload the same on website of the Company. (As Per BSE Announcement Dated on 14.06.2016) With reference to the earlier letter dated June 14, 2016, intimating about sanction the Scheme of Arrangement between Transport Corporation of India Limited and TCI Express Limited and their respective Shareholders and Creditors before the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and for the State of Andhra Pradesh, In this regard, Transport Corporation of India Ltd has now informed BSE that the certified true copy of the Order dated July 26, 2016 has been received today i.e. July 27, 2016. (As Per BSE Announcement Dated on 27.07.2016) With reference to the earlier letter dated July 27, 2016 intimating about the receipt of certified true copy of the Order of Hon'ble High Court sanctioning the Scheme of Arrangement. In this regard, Transport Corporation of India Ltd has now informed BSE that the Company had submitted certified True Copy of the above order of Hon'ble High Court sanctioning the Scheme with Registrar of Companies vide e-form on August 11, 2016. Consequently, the scheme has become effective from August 11, 2016. (As Per BSE Announcement Dated on 12.08.2016) Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger) approved by the Hon'ble High Court of Hyderabad for the State of Telangana and for the State of Andhra Pradesh, Transport Corporation of India Ltd, has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below: COMPANY NAME CODE Transport Corporation of India Ltd. (532349) RECORD DATE 29/08/2016 PURPOSE As per Composite Scheme of Arrangement sanctioned by the Hon'ble High Court of Hyderabad for the State of Telangana and for the State of Andhra Pradesh, between, (1) Transport Corporation of India Ltd and (2) TCI Express Ltd: - Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Demerged Undertaking into TCI Express Limited: TCI Express Ltd shall issue and allot equity shares at par on proportionate basis to the shareholders of Transport Corporation of India Ltd, in the following proportion: '1 (ONE) fully paid equity share of Rs. 2/- of TCI Express shall be issued and allotted for every 2 (TWO) equity shares of Rs.2/- each held in Transport Corporation of India Ltd' EX-ENTITLEMENT FROM DATE & SETT. NO. 26/08/2016 DR-103/2016- 2017 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from B' group to T' group w.e.f. August 26, 2016 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on August 26, 2016. Subject to the compliance with requisite formalities as applicable, the Resulting Company i.e. TCI Express Ltd will be listed on BSE Limited. (As Per BSE Notice Dated on 24.08.2016) Transport Corporation of India Ltd has informed BSE allotment of equity shares by TCI Express Limited (The Resulting Company) pursuant to the Scheme of Arrangement . (As Per BSE Announcement Dated on 07.09.2016)