TCI Express Ltd has disclosed a material agreement with M/s. Jindal Exports and Imports Pvt. Ltd for the purpose of making effective use of surplus funds, with a size of Rs. 700,00,000. The agreement does not grant any special rights and the parties involved are not related to the promoter group. The transaction does not fall under related party transactions and is not done at arms length. The company has advanced the amount in the form of inter corporate deposits, carrying an interest rate of 10%, for a period of 180 days. No security has been provided by the borrower.