Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting - Preferential Issue and Fund Raising
Corporate Actions:
Preferential Issue Approval:
- Issuance of 1,269,391 equity shares of face value ₹10 each
- Issue price: ₹1,418 per share (including premium of ₹1,408 per share)
- Total consideration: ₹180 crores
- Subject to shareholder and regulatory approvals
Allottee Details:
| Allottee | Shares | % Holding | Amount (₹ Crores) |
| TSF Investments Limited | 1,057,827 | 4.12% | 150 |
| Mr. Srivats Ram | 105,782 | 0.41% | 15 |
| Ms. Nivedita Ram | 52,891 | 0.21% | 7.5 |
| Ms. Gita Ram | 52,891 | 0.21% | 7.5 |
| Total | 1,269,391 | 4.95% | 180 |
Post-Allotment Shareholding Impact:
| Shareholder | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |
| TSF Investments Limited | 6,109,914 | 25.01% | 7,167,741 | 27.89% |
| Mr. Srivats Ram | 211,876 | 0.87% | 317,658 | 1.24% |
| Ms. Nivedita Ram | 277,618 | 1.14% | 330,509 | 1.29% |
| Ms. Gita Ram | 30,895 | 0.13% | 83,786 | 0.33% |
Fund Raising Limit Enhancement:
- Board approved seeking shareholder approval to enhance fund raising limits
- Current limit: ₹400 crores (approved via postal ballot on August 12, 2026)
- Proposed enhanced limit: ₹450 crores
- To be raised in one or more tranches at permissible prices
Extraordinary General Meeting:
- EGM scheduled: September 17, 2026 at 10:15 am
- Mode: Video Conference (VC) or Other Audio-Visual Means (OVAM)
- Venue: Registered office at 21, Patullos Road, Chennai 600 002
- Record date for voting: September 10, 2026
- Agenda: Shareholder approval for Preferential Issue and Fund Raise Enhancement
Other Significant Information:
- Company Secretary & Compliance Officer: K V Lakshmi (LAKSHMI VISWANATHAN KUNISSERY)
- Disclosure available on company website: https://wheelsindia.com
- Prior intimation made on August 13, 2026 and disclosure dated July 10, 2026