TVS Motor Company Limited has informed the Exchange about Disclosure under Regulations 30, 42 and 51(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) in relation to the Scheme of Arrangement between TVS Motor Company Limited and its shareholders under Sections 230 to 232 and other applicableprovisions of the Companies Act, 2013 ( Scheme )
TVSMOTOR · price
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TVS Motor Company has received the NCLT Chennai Bench order dated 31st July 2025 sanctioning its Scheme of Arrangement with shareholders. The scheme became effective from 12th August 2025. Under the scheme, the company will issue 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) as a bonus to shareholders. Every equity share held as on the Record Date (25th August 2025) will receive 4 fully paid-up bonus NCRPS with a face value of INR 10 each. The disclosure is made under SEBI Listing Regulations 30, 42, and 51(1).
Eligible shareholders on the record date of 25th August 2025 will receive 4 bonus preference shares (face value INR 10, 6% cumulative, redeemable) for every equity share held. While this increases the share count and signals a capital restructuring, the preference shares are redeemable (not perpetual) and carry a fixed dividend, so the per-share equity value may see some dilution over time. Stock price may react depending on market expectations of the redemption timeline.