TVS Srichakra Limited has informed the Exchange regarding Appointment of Mr. R Naresh as Managing Director (Designated as Executive Vice-Chairman) of the company w.e.f. Jun 16, 2026.
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The Board of TVS Srichakra has reappointed Mr. R Naresh as Managing Director (designated as Executive Vice-Chairman) for a 3-year term starting June 16, 2026, subject to shareholder approval via postal ballot. Mr. Naresh is a co-founder of the company and has been on the board since June 2, 1982, and is the brother of current Managing Director Ms. Shobhana Ramachandhran. The announcement was made alongside approval of unaudited Q3 FY26 results, where standalone revenue from operations stood at Rs 850.36 crores (vs Rs 747 crores in Q3 FY25) and standalone net profit was Rs 14.16 crores. For nine months ended Dec 31, 2025, standalone revenue was Rs 2,477.14 crores with net profit of Rs 48.09 crores. Consolidated Q3 FY26 revenue was Rs 916.51 crores with net profit of Rs 11.18 crores. Exceptional items included Rs 18.81 crores of government grant income, Rs 1.30 crores in VRS costs, and Rs 11.67 crores in provisions for the new Labour Codes.
This is a routine continuity move with no leadership disruption — a co-founder and existing board member (since 1982) is being retained as MD. For shareholders, the key takeaway is leadership stability at a promoter-family-led tyre company, though the reappointment will need postal ballot approval. The Q3 results show steady year-on-year revenue growth but slightly weaker sequential performance.