Transport Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2008, inter alia, has approved / recommended the following matters:

1. Payment of Final Dividend @ 15% (Re 0.30 per share) to the Shareholders whose names appear on the Register of Members on the Record Date to be decided in consultation with the Stock Exchanges.

2. Grant of 1,00,000 Options to eligible employees under the Employees Stock Option Scheme - 2006.

3. The Board of Directors has also decided that the next Annual General Meeting of the Shareholders of the Company shall be convened on July 29, 2008.