TVS Motor Company Limited — Updates, 12-08-2025: Scheme of Arrangement

TVS Motor Company has received National Company Law Tribunal sanction for its Scheme of Arrangement. This allows the company to issue 4 bonus preference shares (face value INR 10) for every 1 equity share (face value INR 1) held, utilizing its substantial general reserves, reported at INR 7,574 Cr. This scheme, valued at approximately INR 1,900 Cr, aims to reward shareholders by distributing surplus funds as a near-cash, listed instrument, enhancing the company's liquidity management. The authorized share capital will increase to INR 2,050 Cr. The scheme ensures no adverse impact on existing non-convertible debenture holders, and no specific objections were raised by statutory authorities.