TVS Holdings Limited has informed the Exchange that the Board of Directors at its meeting held on September 22, 2025, have considered and approved bonus Non-Convertible Redeemable Preference shares at the ratio of 46 : 1, i.e 46 Preference Shares of INR 10 each for every 1 Equity Shares of INR 5 each held through Scheme of Arrangement
TVSHLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.7 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
TVS Holdings' board has approved a bonus issue of Non-Convertible Redeemable Preference Shares (NCRPS) at a ratio of 46 NCRPS of ₹10 each for every 1 equity share of ₹5 held, through a Scheme of Arrangement. This update revises the redemption terms: NCRPS will mature 15 months from the date of allotment, with the board having discretion to redeem them any time after 12 months. The issue will be funded from general reserves/retained earnings, utilizing approximately ₹986.52 crore out of ₹1,456.26 crore available as on March 31, 2025. The NCRPS will carry a 6% annual coupon, paid along with the redemption amount, and will be listed on NSE and BSE. Allotment is subject to NCLT approval of the scheme.
Shareholders will receive 46 bonus NCRPS for each equity share held, effectively distributing about ₹986 crore from reserves as redeemable preference shares with a 6% coupon. The equity share count and paid-up equity capital remain unchanged, so this is not a dilutive equity issue but a restructuring of reserves into redeemable instruments, subject to NCLT approval.