TC/

LEADERS I N LOGI STI CS

September 7, 2016
To,

BSE Limited

The Listing Department

National Stock Exchange of I ndia Ltd.,

Phiroze Jeejeebhoy Towers

Exchange Plaza, C-1, Block G, Bandra Kuria Complex,

Dalai Street - Mumbai- 400001

Bandra (E) Mumbai 400 051

Scrip Code: 532349

Scrip Symbol: TCI

N/The
1 Listing Department

Ref: Our letter dated 31st August 2016 regarding allotment of equity shares by I CI Express Limited
( The Resulting Company) pursuant to the Scheme of Arrangement
Sublect: Letter of allotment/ credit advice/ cost of acquisition
Dear Sir/ Madam,
With reference to subject captioned above, please find the enclosed letter of allotment/ credit advice/ note
on cost of acquisition being sent to the shareholder post allotment of share in TCI Express Limited, the
Resulting Company pursuant to the Scheme of arrangement.
This is for your records and wide dissemination to the public at large please.
This document is also available at the website of the Company www.tcil.com .
Hope you shall find the same in order.
Thanking you,
Yours Faithfully,
For Transport Corporation of I ndia Ltd

Ar h a Pande
Company Secr ary & Compliance Officer
End: a/ a

Transport Corporation of I ndia Ltd.

Corporate Office : TCI House, 69 I nstitutional Area, Sector 32, Gurgaon-I 22 207, Haryana, I ndia www.tcil.com
Tel : 0124-2381-603 - 07 Fax : 0124-2381611 corporate@tcil.com
Regd. Office : Flat Nos. 306 & 307, I -8-273,Third Floor, Ashoka Bhoopal Chambers, S P Road, Secunderabad - 500 003
Tel : 040-27840104 Fax : 040-27840163
CI N : L70109TG I 995PLC019116

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To,

NameoftheShareholder:
FolioNo/DPIDandClientID:

DearMember,

Subject: Allotment of Fresh Equity Shares pursuant to Scheme of Arrangement between Transport
CorporationofIndiaLtd.&TCIExpressLtd.andtheirrespectiveshareholdersandcreditors

TheHonbleHighCourtofHyderabadforthestateofTelanganaandAndhraPradesh,videitsorderdated14th
June,2016,hadsanctionedtheSchemeofArrangementbetweenTransportCorporationofIndiaLtd.(TCI)and
TCI Express Ltd. (TCIEL) and their respective shareholders and creditors. Pursuant to the Scheme of
Arrangement, TCIEL has issued and allotted to the shareholders of TCI, whose names are appearing in the
RegisterofMembersofTCIasontheRecordDatei.e.29thAugust,2016,one(1)EquitySharehavingfacevalue
ofRs.2/(Two)eachofTCIELforeveryTwo(2)EquityShareshavingfacevalueofRs.2(Two)eachheldby
theminTCI.Thefractionalentitlements,ifany,totheeligibleshareholdersofTCI,arisingwillberemittedin
duecourse.

Consequently,youareentitledtothefollowingfreshEquitySharesoftheCompanyandthesamehasbeen
creditedtoyourDematAccount/PhysicalShareCertificatehasbeenissued,asthecasemaybe:

No. of Equity Shares No. of fresh Dateof

DistinctiveNos.
Certificate No.
of Rs. 2/ each held Equity Shares of Credit/Date
(forPhysicalCertificates) (for
Physical
asonRecordDatein Rs. 2/ each ofDispatch
Certificates)
TCI
allottedinTCIEL

From
To

TherequisiteapplicationsforlistingandtradingofTCIELfreshEquitySharesarebeingmadetoNationalStock
ExchangeofIndiaLtd.(NSELtd)andBSELtd.Membersareadvisednottotrade/dealinthefreshEquityShares
ofTCIELbeforeListingandtradingapproval.Incasetheydo,itwillbeattheirownrisk.

CostofAcquisitioninaccordancewithSection49(2C)and49(2D)oftheIncomeTaxAct,1961

Thiscommunicationisbeingissuedforgeneralguidanceoftheshareholdersforcomputingtheproportionate
costofacquisitionoftheEquitySharesofTCIELvisvisthecostofacquisitionoftheoriginalEquitySharesof
TCIforthepurposedofcomputingthecapitalgain/lossaspertheprovisionsoftheIncomeTax,1961arising
uponsaleofEquityShares.

Section 49 (2) of the Act provides that the cost of acquisition of the shares of TCIEL is to be computed by
applying of the net book value of the assets of the Demerged Undertaking to the net worth of the TCI


immediatelybeforethedemerger.Accordingly,thecostofacquisitionoftheEquitySharesoftheTCIshallbe
originalcostofacquisitionreducedbythecostofacquisitionascertainedforthesharesofTCIELundersection
49(2D)oftheAct.

IntermsoftheScheme,theAssetsandLiabilitiesoftheXPSundertakingofTCIhavebeentransferredtoTCIEL
atvalueappearinginthebooksofaccountsofTCIatthecloseofbusinesshoursofMarch31,2016,beingthe
AppointedDate.ThebookvalueoftheNetAssetstransferredbyTCItoTCIELwasRs.122.95Croresandthe
bookvalueoftheNetAssetsthatremainedwasRs.509.71Crores.
ForthepurposeofdeterminingthepostdemergercostofacquisitionofEquitySharesofTCIandtheResulting
CompanyTCIELundertheAct,youareadvisedtoapportionyourpredemergercostofacquisitionofTCIshares
inthefollowingmanner:

NameofCompany
%ofCostofacquisition
TransportCorporationofIndiaLimited
80.57%
TCIExpressLimited
19.43%
Total
100.00%

Pleasenotethatthiscommunicationpertainingtocostofacquisitionismerelyforthegeneralguidanceofthe
shareholdersandshouldnotbeconsideredasasubstituteforanyIndependentopinionthattheshareholder
may obtain. The concerned regulatory, statutory or judicial authority, including any assessing
officer/appropriateappellateauthority,couldtakeadifferentview.TheCompanytakesnoexpressorimplied
liabilityinrelationtothisguidance.

Furthernotethatifthereisanychange,includingchangehavingaretrospectiveeffectinstatutorylawsor
regulations,thecommentsexpressedinthiscommunicationwouldnecessarilyhavetobereevaluatedinthe
lightofchangesthecompanydoesnottaketheresponsibilityofupdatingthiscommunicationatanytimein
future.

ThankingYou,

YoursFaithfully,
ForTCIExpressLtd.

AuthorizedSignatory