Key Transaction Details

Background and Approval Process

  • Follows earlier intimation dated June 4, 2026 regarding Board approval of Joint Venture Agreement with ALA Mena Engines and Machinery Spare Parts Trading DWC-LLC
  • Extraordinary General Meeting of TVS SCS ALA India Private Limited (formerly TVS Packaging Solutions Private Limited) approved the proposal on September 24, 2026
  • Board of Directors of Target Entity approved final allotment on October 06, 2026

Share Allotment Details

  • Total equity shares allotted: 1,99,90,000 shares of face value ₹10 each
  • TVS SCS allotted: 1,01,90,000 shares (51% stake) for ₹10,19,00,000 (₹10.19 crore)
  • ALA Mena allotted: 98,00,000 shares (49% stake) for ₹9,80,00,000 (₹9.80 crore)
  • Transaction completed through private placement basis
  • Cash consideration paid for shares

Ownership Structure Post-Allotment

  • TVS SCS holding: 51% shareholding interest
  • ALA Mena holding: 49% shareholding interest
  • Target Entity was previously wholly owned subsidiary of TVS SCS

Target Entity Information

  • Name: TVS SCS ALA India Private Limited (formerly TVS Packaging Solutions Private Limited)
  • Industry: Logistics Industry
  • Date of Incorporation: April 28, 2017
  • Country of Incorporation: India
  • Historical turnover: Insignificant over last 3 years as entity focused on exploring business expansion opportunities

Transaction Rationale and Impact

  • Object: To facilitate business expansion and jointly develop opportunities in India's aerospace and defense sectors
  • Expected impact: Revenue and profit growth due to business expansion
  • No governmental or regulatory approvals required for the acquisition

Related Party Considerations

  • Transaction does not constitute related party transaction
  • Promoters/promoter group of TVS SCS have no interest in the transaction
  • Allotment undertaken on arm's length basis