NSEGeneral Updates8 Oct 2026 · 8 Oct 2026, 11:35 am
General Updates
TVS Srichakra Limited · TVSSRICHAK
✦ AI SummaryDebt Restruc.
TVS Srichakra Limited has informed the Exchange about realization of Investment upon Selective Capital Reduction by TASL Automobile Solutions Private Limited, a Promoter group company. The company received Rs. 34.44 Crore as cash consideration for its entire holding of 9,11,741 equity shares in TASL Automobile.
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Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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TVS Srichakra Limited has informed the Exchange about realization of Investment upon Selective Capital Reduction by TASL Automobile Solutions Private Limited, Promoter group company
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TVSSRICHAK_08102026113453_Reg30Intimationfordisinvestment08102026.pdf
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REF:TSL:SEC:2026/171 October 08, 2026
National Stock Exchange of India Ltd., BSE Limited
5th Floor, Exchange Plaza, P J Towers,
Bandra (E), Dalal Street Fort,
Mumbai - 400 051 Mumbai 400 001
Scrip Code: 509243
Scrip Code: TVSSRICHAK
by Listing Centre
by NEAPS
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Realization of Investment upon Selective Capital
Reduction by TASL Automobile Solutions Private Limited
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), and in continuation
of our earlier disclosure dated 28th November, 2024, regarding the intimation of the Company
receiving 9,11,741 equity shares representing 7.58 % of the paid up equity share capital of
TASL Automobile Solutions Private Limited ("TASL Automobile"), a Promoter Group Company
TASL Automobile had initiated a Composite Scheme of Selective Capital Reduction under
Section 66 read with relevant provisions of the Companies Act, 2013, pursuant to which non-
promoter shareholders were provided an exit opportunity. The said scheme, as sanctioned by
the Hon’ble National Company Law Tribunal (NCLT), Division Bench, Court – II, Chennai,
became effective on 7th October, 2026. Consequent to the scheme becoming effective, TASL
Automobile has yesterday remitted a total cash consideration of Rs. 34.44 Crore (at an exit
price of Rs. 377.70 per equity share) to the Company. Accordingly, the Company’s entire
holding of 9,11,741 equity shares in TASL Automobile stands fully cancelled and extinguished.
Kindly take the above information on record.
Thanking you
Yours faithfully
for TVS SRICHAKRA LIMITED
Chinmoy Patnaik
Company Secretary & Compliance Officer
Membership No. A14724
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