NCLT sanctions TVS Holdings bonus preference share scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

TVSHLTD · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹13923.00

prior close

₹14055.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-0.3% vs market

Investment Company peers, median of 62sector+0.1%+0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.2 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

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15m

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30m

-0.3

Sessions after the filingfrom the prior close

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Reaction day

+0.3+0.5-0.3+0.1+0.2

Next day

-0.3+0.8-1.1+0.4-0.8

-1.7+1.0-2.8-0.1-1.7

-2.7+0.6-3.3+0.3-2.9

-2.9+1.2-4.0+0.2-3.0

-3.4+0.9-4.3-0.3-3.1

-5.0+1.6-6.5+0.2-5.1

15d

-5.2+1.9-7.1-0.5-4.8

-8.6+0.8-9.4-2.0-6.6

-21.0-5.7-15.3-8.2-12.8

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UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 62Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Chennai has approved TVS Holdings scheme to issue bonus preference shares to equity shareholders. The company will issue 46 fully paid 6 percent cumulative non-convertible redeemable preference shares of Rs 10 each for every 1 equity share of Rs 5 held, funded from general reserves and retained earnings. These preference shares will be listed on stock exchanges. 99 percent of attending shareholders approved the scheme in April 2026. Effective date and record date are yet to be set.

Likely market impact

Shareholders get 46 listed preference shares per equity share from surplus reserves. Equity control unchanged. TDS may apply on redemption.