TVS Motor Company Limited has informed the Exchange that Record date for the purpose of issue of Bonus Cumulative Non-Convertible Preference Shares is 25-Aug-2025.
TVSMOTOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TVS Motor Company has received NCLT Chennai approval for its Scheme of Arrangement, which has become effective from 12-Aug-2025. Under the scheme, the company will issue bonus Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) carrying a 6% cumulative dividend. Eligible shareholders will receive 4 fully paid-up bonus NCRPS (face value INR 10 each) for every 1 equity share held as on the Record Date, which has been fixed as 25-Aug-2025. The total bonus value per equity share works out to INR 40. The preference shares are redeemable in nature, meaning the company will repay the principal at a later date.
Shareholders will receive 4 additional preference shares per share held, increasing their holding count but with no immediate cash inflow. The ex-date adjustment is likely to lower the equity share price on a per-share basis, though the 6% cumulative dividend on NCRPS provides a steady income stream.