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Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings.Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.
TVS Holdings' Non-Convertible Redeemable Preference Shares (₹930.68 Cr) were assigned CARE AA+; Stable by CARE Ratings. The rating agency also reaffirmed the company's Non-Convertible Debentures (total ₹950 Cr) at CARE AA+; Stable, citing strong operational and financial performance.
TVS Holdings has set September 8, 2026, as the Record Date. Shareholders holding equity shares on this date will be eligible to receive 46 bonus 6% cumulative non-convertible redeemable preference shares (INR 10 each) for every 1 equity share (INR 5 each) held. This corporate action, part of a Scheme...