TVS Holdings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/09/2025 ,inter alia, to consider and approve the issuance of Cumulative Non-Convertible ....
TVSHLTD · price
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TVS Holdings has informed the stock exchanges that its Board of Directors will meet on Monday, 22 September 2025. The key item on the agenda is to consider and approve the issuance of Cumulative Non-Convertible Redeemable Preference Shares (CNCRPS) to existing shareholders by way of a Bonus. The notice has been filed under SEBI Listing Regulations 29 and 50. The company (formerly Sundaram-Clayton Limited) is a Chennai-based holding entity with shares listed on both BSE (scrip 520056) and NSE (scrip TVSHLTD). No issue price or ratio has been disclosed yet — details are expected after the board meeting.
For shareholders, this is a non-dilutive value distribution in the form of bonus preference shares, which rewards existing investors without any cash outflow. The impact on the listed equity price will depend on the bonus ratio, terms of the preference shares (dividend rate, tenure), and market reaction once details are announced on 22 September.