Routine Neutral

2026-11-06 19:23

- CRISIL Ratings reaffirmed 'CRISIL AA+/Stable' rating on TVS Holdings Limited's Non-Convertible Debentures (NCDs) aggregating ₹1,000 Crore. - The rating reflects healthy debt cover, strong credit risk profile backed by dividend income from TVS Motor Company Ltd (TVSM), and high financial flexibility. - Strengths are partially offset by exposure to market risks and increasing financial support required for subsidiaries like Home Credit India Finance Pvt Ltd.

Governance Neutral

2026-11-05 21:11

- TVS Holdings Limited announced the results of the Postal Ballot held via e-voting on 5th November 2026. - Shareholders approved the appointment of Ms. Revathy Iyer as a Non-Executive Independent Director for a period of 5 consecutive years with a requisite majority (99.9989% votes in favour).

Business Update Positive

2026-11-02 18:26

- TVS Holdings Limited has been allotted an additional 12,55,26,842 equity shares in its subsidiary, Home Credit India Finance Private Limited (HCIFPL), through a rights issue. - The total cost of acquisition is ₹483.91 Cr at ₹38.55 per share, paid in cash. - TVS Holdings' shareholding in HCIFPL remains unchanged at 74.45% post-allotment. - The investment aims to support and accelerate the growth of HCIFPL, an NBFC.

Business Update Positive

2026-10-28 21:18

- TVS Holdings Limited announced that the Board of Directors of its subsidiary, TVS Motor Company Limited, approved a Composite Scheme of Arrangement on October 28, 2026. - The scheme involves the acquisition of Harita ARC Limited, amalgamation of TVS Motor Services Limited into TVS Motor Company, and demerger of the consumer finance and related business into Harita ARC Limited. - The demerged consumer finance undertaking had a turnover of Rs. 3,921 Crore as of September 30, 2026, representing a part of the total turnover of Rs. 35,770 Crore.

Financials Positive

2026-10-28 17:11

Q2 FY27 Consolidated Revenue ₹20,183Cr vs ₹14,549Cr (▲39% YoY) EBITDA ₹3,053Cr vs ₹2,261Cr (▲35% YoY) PAT ₹1,286Cr vs ₹880Cr (▲46% YoY) EBITDA Margin 15.1% vs 15.5% (▼41bps)

Governance Neutral

2026-10-23 19:28

- Ms Sasikala Varadachari ceased to be a Non-Executive Independent Director of TVS Holdings Limited effective October 23, 2026, due to the completion of her tenure. - She also relinquished her roles as Chairperson of the Audit Committee and Nomination and Remuneration Committee, and as a member of other key committees.

Governance Neutral

2026-10-06 19:01

- TVS Holdings Limited has issued a Postal Ballot Notice to seek shareholder approval for the appointment of Ms. Revathy Iyer as a Non-Executive Independent Director for a period of 5 consecutive years. - The remote e-voting period begins on Wednesday, 7th October 2026 (9:00 A.M. IST) and ends on Thursday, 5th November 2026 (5:00 P.M. IST). - Approval is also sought for the continuation of her directorship notwithstanding her attaining the age of 75 years during her tenure.

Governance Neutral

2026-09-23 15:08

- Board approved seeking shareholder consent via postal ballot for the appointment of Ms. Revathy Iyer as a Non-Executive Independent Director. - Her appointment is for five consecutive years, effective September 23, 2026.

Governance Positive

2026-09-23 14:54

- TVS Holdings Limited appointed Ms. Revathy Iyer as an Additional and Non-Executive Independent Director. - Term: five consecutive years, effective September 23, 2026, subject to shareholder approval. - Ms. Iyer has extensive experience, including former RBI Central Board Member.

Business Update Positive

2026-09-09 19:17

- TVS Holdings Limited allotted 93,06,76,784 Bonus 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) on September 9, 2026. - This allotment is part of a Scheme of Arrangement approved by NCLT. - Shareholders receive 46 NCRPS (face value ₹10 each) for every 1 equity share (face value ₹5 each). - The NCRPS mature on December 9, 2027, with a 6% coupon rate.

Business Update Positive

2026-09-05 11:38

- TVS Holdings received credit ratings from CARE Ratings on September 4, 2026. - Non-Convertible Redeemable Preference Shares (₹930.68 Cr) were assigned 'CARE AA+; Stable'. - Non-Convertible Debentures I (₹750 Cr) and II (₹200 Cr) were reaffirmed 'CARE AA+; Stable'. - All ratings reflect a very high degree of safety for timely financial obligations.

Business Update Positive

2026-08-27 18:16

- The Scheme of Arrangement between TVS Holdings Limited and its shareholders became effective on August 27, 2026. - Company to issue 46 bonus 6% cumulative non-convertible redeemable preference shares of ₹10 each for every 1 equity share of ₹5. - The Record Date for eligible shareholders is September 8, 2026.

Governance Positive

2026-08-27 15:18

- TVS Holdings Limited received the National Company Law Tribunal (NCLT) order dated August 18, 2026, sanctioning its Scheme of Arrangement. - The scheme involves issuing 46 bonus preference shares (INR 10 FV, 6% cumulative non-convertible redeemable) for every 1 equity share (INR 5 FV) by utilizing general reserves.

Governance Positive

2026-08-19 18:41

- NCLT Chennai Bench sanctioned the Scheme of Arrangement on August 18, 2026. - The scheme entails issuing 46 bonus 6% Cumulative Non-Convertible Redeemable Preference Shares (INR 10 FV) for every 1 equity share (INR 5 FV) to distribute surplus reserves. - These preference shares will be listed on stock exchanges and redeemable after 15 months from allotment.

Business Update Positive

2026-08-05 15:21

- TVS Holdings Limited announced Board approval for a Composite Scheme of Amalgamation involving its subsidiaries: STPL Trading, Home Credit India Finance, TVS Housing Finance, and TVS Credit Services. - The scheme aims to streamline the group structure, consolidate NBFCs, and enhance operational efficiency. - It awaits various regulatory and shareholder approvals.

Governance Positive

2026-07-22 20:30

- TVS Holdings Limited announced the voting results and Scrutinizer's Report for its 64th Annual General Meeting (AGM) held on July 22, 2026. - All resolutions proposed at the AGM, including the adoption of financial statements and the re-appointment/continuation of Mr. Venu Srinivasan as a Director, were duly approved by the shareholders with requisite majority.

Governance Neutral

2026-07-22 15:19

- The 64th Annual General Meeting (AGM) of TVS Holdings Limited was held on July 22, 2026, via Video Conferencing. - Key businesses transacted included the adoption of Audited Financial Statements for the year ended March 31, 2026, and the re-appointment and continuation of Mr Venu Srinivasan as Director and Non-Executive Director. - E-voting results are to be announced on or before July 24, 2026.

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TVS Holdings Ltd

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