Date: October 26, 2026
Board Meeting Outcomes
- Board of Directors meeting held on October 26, 2026 approved the sale of entire stake held by the Company in TVS Holdings Limited
- Meeting concluded at 04:15 P.M.
Disinvestment / Strategic Actions
- Company will sell entire holding of 7,55,682 equity shares of ₹5 each in TVS Holdings Limited (formerly Sundaram Clayton Limited)
- Stake represents 3.74% of the share capital of TVS Holdings Limited
- Shares will be sold to existing members of the Promoter and Promoter Group of TVS Holdings Limited
- Transaction will be executed through block deal window mechanism of the stock exchange(s) or any other permitted regulatory mechanism
- Sale price will be the applicable price on the date of transaction execution
- Expected completion date: on or before November 2, 2026
- Confirmed as not a related party transaction
Additional Confirmations
- Sundaram Finance Limited (promoter of TSF Investments Limited) and members of its promoter group are not interested in this transaction