NSEAcquisition2d ago · 3 Sept 2026, 05:37 pm

Acquisition

TVS Srichakra Limited · TVSSRICHAK

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TVS Srichakra Limited has completed the acquisition of 51% equity stake in Weber Drivetrain Private Limited for Rs. 10,00,000.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

TVS Srichakra Limited has informed the Exchange about Acquisition

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TVSSRICHAK_03092026173552_TVSSRICHAKRALIMITEDREG30ACQUISITIONTVSSSPL.pdf

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REF:TSL:SEC:2026/155 September 3, 2026 National Stock Exchange of India Ltd., BSE Limited 5th Floor P J Towers Exchange Plaza, Bandra (E), Dalal Street, Fort, Mumbai - 400 051 Mumbai 400 001 Scrip Code: TVSSRICHAK Scrip Code: 509243 by NEAPS by Listing Centre Dear Sir / Madam, Sub: Update under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) – Completion of Acquisition of 51% Equity Stake in Weber Drivetrain Private Limited by TVS Sensing Solutions Private Limited This is in continuation to our earlier intimation dated 19th July, 2026, wherein it was informed that TVS Sensing Solutions Private Limited (“TVSSPL”), a step-down wholly-owned subsidiary of TVS Srichakra Limited ("the Company"), had entered into a Share Purchase Agreement with G-Power Energy & Technology Private Limited for the acquisition of 5,100 equity shares, constituting 51% of the paid-up equity share capital of Weber Drivetrain Private Limited (“Weber”). We wish to inform you that TVSSPL has successfully completed the acquisition of the aforesaid 51% equity stake in Weber. Consequent to the completion of the acquisition, Weber has become a subsidiary of TVSSPL and, accordingly, a step-down subsidiary of the Company with effect from 31st August, 2026. The details required under regulation 30 of SEBI LODR read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure A. Kindly take the above information on record. Thanking you Yours faithfully For TVS SRICHAKRA LIMITED Chinmoy Patnaik Company Secretary & Compliance Officer Membership No. A14724 Encl: as above TVS Srichakra Limited CIN: L25111TN1982PLC009414 Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com I secretarial@eurogriptyres.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300 Annexure A (Update on the acquisition) Sr. No Particulars Details a. Brief details of Initial Announcement Initial Announcement was regarding approval of the Board of Directors of TVS Sensing Solutions Private Limited (Step down wholly owned subsidiary company of TVS Srichakra Limited) for the acquisition of 51% shareholding in Weber Drivetrain Private Limited. b. Transaction Completed The acquisition of Weber Drivetrain Private Limited was completed on 31st August, 2026 by acquiring 5,100 equity shares (representing 51% shareholding) in Weber Drivetrain Private Limited. c. Amount of transaction completed Rs. 10,00,000 d. Date of transaction completed 31st August, 2026 e. Percentage of transaction completed 100% f. Any other significant information (in This disclosure is in continuation and brief) partial modification to the earlier disclosure dated 19th July, 2026. The final amount of consideration paid towards the acquisition is Rs.10,00,000. The earlier disclosure of Rs.1,43,00,000 payable towards the cost of acquisition stands hereby clarified/modified. The delay in disclosure occurred while verifying transaction particulars and preparing the corrected filing. TVS Srichakra Limited CIN: L25111TN1982PLC009414 Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com I secretarial@eurogriptyres.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300