TVS Motor Company Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2026- Appointment of Mr Ravindran Shanmugam as an Independent Director.
TVSMOTOR · price
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TVS Motor Company reported strong FY2026 results with standalone revenue of Rs. 47,270 crore (up 30% YoY) and profit after tax of Rs. 3,615 crore (up 37% YoY). Consolidated revenue stood at Rs. 56,070 crore with PAT of Rs. 3,018 crore attributable to owners (up 35% YoY). The Board approved appointment of Mr. Ravindran Shanmugam as Additional Director and Non-Executive Independent Director for 5 years effective 13th May 2026, subject to shareholder approval. Other key items included disinvestment of Roppen Transportation Services for Rs. 288 crore (gain of Rs. 174 crore), NCLT approval of Sundaram Auto Components merger, and an interim dividend of Rs. 12 per share already paid. Auditors issued unmodified opinion.
Strong financial performance with robust growth across standalone and consolidated metrics. The addition of an Independent Director strengthens board governance. No immediate shareholder action required as appointment is subject to postal ballot approval.