TVS Srichakra Limited has informed the Exchange about Agreements
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TVS Srichakra has signed a 99-year Trademark License Agreement on 12th August 2025 with its wholly owned US subsidiary, Super Grip Corporation, to use the 'Super Grip' brand globally, including the USA and its territories. Under the deal, the company will pay a 2% royalty to Super Grip Corporation on all sales made under the brand, except sales made to Super Grip Corporation itself. The transaction qualifies as a related party transaction (parent–subsidiary) and is being carried out at arm's length. Super Grip Corporation retains the right to continue using its own brand as well. The agreement gives the company long-term legal access to the Super Grip trademark for international expansion of its tyre business.
This is largely an internal brand consolidation move with a wholly owned subsidiary, so the direct financial impact is minimal — only a small 2% royalty outflow on future brand sales. However, it signals a long-term push to grow the Super Grip brand globally, which could support the company's export and overseas business over time.