TVS Motor Company Limited has informed the Exchange about the Intimation on the publication of advertisements in newspapers in pursuance of listing and trading approval for 190,03,48,456 6% Cumulative Non-Convertible Redeemable Preference Shares ( NCRPS ) of INR 10 each
TVSMOTOR · price
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Awaiting price reaction for this filing.
TVS Motor Company has published statutory newspaper advertisements (in Business Standard, Jansatta, and Makkal Kural) on February 13, 2026, as part of the listing process for 190,03,48,456 (approximately 190 crore) 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) of ₹10 each. These NCRPS were allotted on September 1, 2025 as a bonus issue to existing equity shareholders at a ratio of 4 preference shares for every 1 equity share held, as part of a scheme approved by the NCLT Chennai bench on July 31, 2025. The total NCRPS issuance amounts to roughly ₹1,900 crore, carries a 6% annual coupon, and is redeemable at par value 12 months after allotment (i.e., September 1, 2026). NSE and BSE have already granted in-principle listing approvals, and SEBI has provided a relaxation from the minimum public shareholding requirements under Rule 19(2)(b) of the SCRR.
This is a procedural compliance filing — the NCRPS were already allotted in September 2025, and these newspaper ads complete the regulatory process for listing. Existing equity shareholders will soon be able to trade these listed preference shares, which offer a 6% annual return and will be redeemed at par in September 2026, effectively functioning as a cash equivalent distribution of the company's surplus reserves.