Target Entity: Weber Drivetrain Private Limited (CIN: U74999TN2022PTC149026)

Type of Deal: Acquisition of majority stake (51%)

Stake/Capacity: 5,100 equity shares constituting 51% of the paid-up equity share capital

Deal Value: ₹1,43,00,000 (Rupees One crore and Forty Three lakhs only)

Financial Impact:

  • Target company turnover: FY26 - ₹14.17 crore, FY25 - ₹11.65 crore
  • Authorized Capital: ₹15,00,000
  • Issued/Subscribed/Paid-up capital: ₹1,00,000 (10,000 Equity Shares of ₹10/- each)
  • Financial impact on acquirer not explicitly disclosed

Strategic Rationale:

  • Electronics capability building
  • Weber specializes in designing, developing, testing and manufacturing electric motors and controllers for EV vehicles
  • Supports OEMs with end-to-end vehicle integration solutions under the "Make in India" initiative
  • Pune-based EV technology company

Approval Status: Board approval obtained on 19th July 2026 from TVS Sensing Solutions Private Limited (acquirer)

Timeline: Expected completion timeline not disclosed

Additional Details:

  • Not a related party transaction
  • No promoter/promoter group/group companies have any interest in the entity being acquired
  • Acquisition executed through Share Purchase Agreement with G-Power Energy & Technology Private Limited
  • TVS Sensing Solutions Private Limited is a step-down wholly owned subsidiary of TVS Srichakra Limited

Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30