The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 11, 2025 for VS Trust (Mr. Venu ....
TVSHLTD · price
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Promoter VS Trust (Mr. Venu Srinivasan, Trustee) has created a new pledge over 1,80,000 equity shares (0.89% of total share capital) of TVS Holdings Limited with HSBC InvestDirect Financial Services (India) Limited, an NBFC. The pledge, dated 7th November 2025, is to secure a loan facility of INR 135 crore for general purposes, with shares valued at INR 270.22 crore providing a 2x security cover. After this pledge, VS Trust's total encumbered shares stand at 36,53,575 (18.06% of total share capital), up from 34,73,575 earlier. Total promoter group shareholding in TVS Holdings is 74.45%, of which 24.25% is now encumbered.
This is a routine disclosure of a new pledge by the promoter for a general-purpose loan. The encumbered portion remains well below 50% of promoter holding and below 20% of total share capital, so there is no immediate concern about promoter control or risk of invocation for retail shareholders.