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Transport Corporation Of India Eyes Share Buyback, Board To Decide On September 29

· Free Press Journal

Mumbai: Transport Corporation of India Limited (TCI) has scheduled a board meeting for Tuesday, September 29, to consider a proposal to buy back its fully paid-up equity shares. The logistics company informed the BSE and the National Stock Exchange of India of the plan in a regulatory filing dated September 24.

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Board Decision Pending

The board will consider and, if it agrees, approve the buyback proposal and related matters. The filing is an advance notice, not an approved buyback.

TCI has not disclosed a proposed buyback size, price, number of shares, method or record date. Those details would require a further announcement if the board approves the proposal.

A buyback allows a company to repurchase its own shares from eligible shareholders. Its terms determine eligibility and the process. Investors will therefore need to await the board's decision before assessing the potential offer. No shareholder action has been requested at this stage.

Regulatory Framework

TCI said the proposed transaction would be considered under the Companies Act, 2013, the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, and other applicable laws. Its advance notice to the exchanges was issued under the listing regulations governing board meetings on such proposals.

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The company trades under the symbol TCI on the NSE and scrip code 532349 on the BSE. It said the board meeting notice is also available on its website.

Trading Window Closed

TCI also said its trading window for dealing in company securities has closed with immediate effect. The closure will continue until 48 hours after the results of the board meeting for the second quarter of FY27, which ends on September 30, are announced.

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The window will remain shut as the quarter ends. It did not provide a date for the quarterly results board meeting in this filing. The buyback proposal and the quarterly results are separate board matters, although the trading window closure covers the period described by TCI.

Disclaimer: This report is based on Transport Corporation of India’s exchange filing. The proposed buyback awaits board approval. Readers should assess official disclosures and seek professional advice before making investment decisions.

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Coastal Road Cable Theft Leaves Mumbai Stretches Dark, BMC Begins Restoration Drive

· Free Press Journal

Mumbai: Repeated cable thefts along Mumbai’s Coastal Road (South) have plunged stretches of the high-speed corridor into darkness and knocked out CCTV surveillance at several locations, prompting the BMC to undertake urgent restoration and preventive measures in coordination with the Mumbai Police. New cables are being laid to restore streetlighting and surveillance and prevent further disruptions.

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A meeting of senior BMC and Mumbai Police officials was recently held to address the recurring theft and cutting of streetlight power and CCTV communication cables along the access-controlled corridor. The civic and police administrations are working on measures to prevent further incidents, while a comprehensive preventive plan is also being formulated.

Cable thefts disrupt operations

The Coastal Road’s streetlights were initially powered through copper cables. However, repeated thefts were reported soon after the road was commissioned, following which contractors lodged FIRs with the concerned police stations. To curb the thefts and ensure uninterrupted power supply, the BMC subsequently replaced the copper cables with aluminium ones.

"The switch, however, failed to deter the thieves. Aluminium power cables are now also being repeatedly stolen or cut at several locations, including near Mahalaxmi Temple, Madrasi Wadi, Markandeshwar Temple and Worli," said a civic official.

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Repeated cable thefts and cutting have forced the BMC to undertake frequent repair and replacement work. Since uninterrupted streetlighting is crucial for motorists’ safety on the high-speed Coastal Road, stolen or damaged aluminium cables in some stretches have already been replaced two to three times, only to be targeted again.

FIRs registered

Contractors L&T, HCC and the operation and maintenance agency have so far filed around 20–25 FIRs and complaints with the police in connection with the cable thefts. As part of restoration and preventive measures, the BMC has replaced power cables covering an estimated 110 km.

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CCTV cameras non-functional

Several streetlights remain non-functional, resulting in dark patches at locations including Worli and near Mahalaxmi Temple. The cutting and theft of fibre communication cables have also rendered around 60–65 CCTV cameras non-functional. The BMC and Mumbai Police are expediting cable restoration and strengthening measures to prevent further thefts.

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‘A Different World’ Review: Netflix College Comedy Takes a Beloved Classic Into a Lively New Era, With Charm and Smarts to Spare

· Hollywood Reporter

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