BSECompany Update2d ago · 3 Sept 2026, 05:45 pm
We enclosed herewith the completion of Acquisition of Equity Stake in Weber Drivetrain Private Limited by TVS Sensing Solutions Private Limited, a steb-down wholly-owned subsidiary of TVS ....
TVS Srichakra Ltd-$ · 509243
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TVS Srichakra Ltd has completed the acquisition of 51% equity stake in Weber Drivetrain Private Limited for Rs. 10,00,000, with the transaction completed on 31st August, 2026.
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
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Full Announcement
TVS Srichakra Ltd-$ - 509243 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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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