TVS Motor Company Limited — Updates, 04-08-2025: Scheme of Arrangement

TVS Motor Company has received National Company Law Tribunal approval for its Scheme of Arrangement. The company will issue 4 fully paid-up Preference Shares, with a face value of INR 10 each, for every 1 equity share held by shareholders. These bonus shares, sourced from the company’s surplus reserves, carry a 16% annual coupon payable at redemption and will be redeemed within 12 months. Listed on NSE and BSE, this initiative allows TVS Motor to effectively distribute significant excess funds to shareholders, providing them with a liquid, interest-bearing instrument. The total issue size is approximately INR 1,900.35 Cr.