Date: October 08, 2026
Board Meeting Outcomes
TVS Srichakra Limited has realized its entire investment in TASL Automobile Solutions Private Limited (TASL Automobile), a Promoter Group Company, through a selective capital reduction scheme.
Disinvestment / Strategic Actions
- Entity Involved: TASL Automobile Solutions Private Limited (Promoter Group Company)
- Nature of Transaction: Selective Capital Reduction under Section 66 of Companies Act, 2013
- Stake Held: 9,11,741 equity shares representing 7.58% of paid-up equity share capital
- Exit Price: ₹377.70 per equity share
- Total Consideration: ₹34.44 Crore
- Effective Date: Scheme became effective on October 7, 2026
- Payment Date: Consideration remitted on October 7, 2026
- Result: Company's entire holding of 9,11,741 equity shares stands fully cancelled and extinguished
- Regulatory Approval: Scheme sanctioned by Hon'ble National Company Law Tribunal (NCLT), Division Bench, Court – II, Chennai
- Transaction Type: Exit opportunity provided to non-promoter shareholders through composite scheme
Regulation, Compliance & Legal
- Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Continuation of earlier disclosure dated November 28, 2024
Corporate Calendar & Scheduled Events
- Scheme effective date: October 7, 2026
- Payment realization date: October 7, 2026
- Disclosure date: October 8, 2026