Target Entity: Weber Drivetrain Private Limited
Type of Deal: Acquisition of majority stake (51%)
Stake/Capacity: 5,100 equity shares representing 51% of the paid-up equity share capital
Deal Value: ₹10,00,000 (Ten Lakh Rupees)
The consideration structure is a fixed payment. The filing specifically clarifies that this final amount of ₹10,00,000 corrects and modifies a previous disclosure dated July 19, 2026, which had indicated a payable amount of ₹1,43,00,000.
Financial Impact: Not disclosed. The announcement does not provide details on expected revenue contribution, EBITDA impact, margin profile, accretion/dilution, or synergies.
Timeline: The transaction was completed on August 31, 2026.
Strategic Rationale: Not explicitly disclosed in this completion update. The rationale was likely outlined in the initial announcement dated July 19, 2026, which is referenced but not detailed here.
Approval Status: Completed. The acquisition has been successfully finalized.
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Other Significant Information:
The disclosure is made in continuation and is a partial modification of the earlier disclosure dated July 19, 2026. The reason provided for the delay in this corrected filing is attributed to the time taken for "verifying transaction particulars and preparing the corrected filing."
Consequent to the completion of this acquisition, Weber Drivetrain Private Limited has become a subsidiary of TVS Sensing Solutions Private Limited (TVSSPL) and, accordingly, a step-down subsidiary of TVS Srichakra Limited with effect from August 31, 2026.