NSEAcquisition4d ago · 31 Jul 2026, 05:25 pm

Acquisition

TSF INVESTMENTS LIMITED · TSFINV

✦ AI Summaryacquisition

TSF Investments Limited has informed the Exchange about the Further Acquisition of Shares in Wheels India Limited. The company's Board of Directors approved the acquisition of 2,56,547 equity shares of ₹10/- each representing 1.050% in the paid-up equity share capital of M/s.Wheels India Limited (WIL) from M/s. Trichur Sundaram Santhanam & Family Private Limited (TSSFPL). The transaction is proposed to be executed between the two promoters in the form of an inter-se transfer through the block deal window mechanism of the stock exchange(s) or any other mechanism at a price that may be permitted under the regulatory framework on the date of execution of the transaction.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10

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TSF INVESTMENTS LIMITED has informed the Exchange about Further Acquisition of Shares in Wheels India Limited

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SUNDARMHLD_31072026172504_sdsdTSFILINTIMATIONACQ31072026.pdf

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SEC: 011:26-27/TS/31.07.2026 National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th Floor, Plot no. C/1, G- Block, Bandra-Kurla Complex, Mumbai – 400 051. NSE SYMBOL: TSFINV Dear Sir/Madam, Sub: Disclosure under Reg. 30 read with Sch. III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Re: Further Acquisition of Shares in Wheels India Limited We wish to inform you that the Board of Directors of our Company, at the meeting held on 31.07.2026 (today), had approved further acquisition of 2,56,547 equity shares of ₹10/- each representing 1.050% in the paid-up equity share capital of M/s.Wheels India Limited (WIL)., from M/s. Trichur Sundaram Santhanam & Family Private Limited (TSSFPL). The transaction is proposed to be executed between the two promoters in the form of an inter- se transfer through the block deal window mechanism of the stock exchange(s) or any other mechanism at a price that may be permitted under the regulatory framework on the date of execution of the transaction. We hereby confirm that the proposed transaction with M/s. Trichur Sundaram Santhanam & Family Private Limited., is a related party transaction under section. 2(76) read with section.188 of the Companies Act, 2013 and Reg. 23 of the SEBI (LODR) Regulations, 2015.The Audit Committee has approved this transaction. Further we hereby confirm that Sundaram Finance Limited, the promoter of TSFIL, does not hold any shares in WIL. The persons belonging to the promoter group/group companies of TSFIL are interested in WIL only to the limited extent of their shareholdings, if any (forming part of public shareholding). The meeting commenced at 11:00 AM. and concluded at 11:40 AM The requisite details in terms of Regulation 30 of the SEBI LODR read with relevant circulars issued by SEBI in this regard is provided in Annexure - I. Thanking you, Yours truly, For TSF Investments Limited S. Kalyanaraman Secretary & Compliance Officer TSF INVESTMENTS LIMITED (formerly known as Sundaram Finance Holdings Limited) Regd. Office: 21, Patullos Road, Chennai – 600 002, India CIN: L65100TN1993PLC025996 Ph: +91 44 2888 1311 www.tsfinvestments.com Annexure – 1 S.N Particulars Details 1. Name of the target entity, details in brief such M/s Wheels India Limited, as size, turnover etc. Total Turnover as on 31.03.2026: Rs. 5124.40Cr. 2. Whether the acquisition would fall within Yes related party transaction(s); Whether the promoter / promoter group / group companies SFL promoter of TSFIL is not interested in the have any interest in the entity being acquired? transaction. If yes, nature of interest and details thereof; TSSFPL is interested forming part of Promoter and Whether the same is done at “arm’s group of TSFIL. The persons belonging to the length” promoter group/group companies of TSFIL are interested in WIL only to the limited extent of their shareholdings, if any (forming part of public shareholding). Yes. At “arm’s length”. Trade will be executed at prevailing Market Price. 3. Industry to which the entity being acquired Manufacturing of Parts & accessories for motor belongs vehicles, Parts & accessories for machinery / equipment used by construction / mining Industries, Components for wind turbines. 4. Objects and impact of acquisition To consolidate the shareholdings in Wheels India Ltd (associate company) 5. Brief details of any governmental or regulatory Not Applicable approvals required for the acquisition 6. Indicative time period for completion of the On or after 07th August 2026. acquisition 7. Consideration Cash Consideration 8. Cost of acquisition and/or the price at which the ₹1,518.62 per share shares are acquired 9. Percentage of shareholding / control acquired 2,56,547 (1.050%) and / or number of shares acquired 10. Brief background about the entity acquired in Wheels India Limited (WIL) was incorporated on terms of products / line of business acquired, 13.06.1960. date of incorporation, history of last 3 years Nature of business is Manufacturing of Parts & turnover, country in which the acquired entity accessories for motor vehicles, Parts & accessories has presence and any other significant for machinery / equipment used by construction / information mining Industries, Components for wind turbines. (₹ in Crs.) Particulars 2025-26 2024-25 2023-24 Total 5124.40 4424.86 4619.03 Turnover TSF INVESTMENTS LIMITED (formerly known as Sundaram Finance Holdings Limited) Regd. Office: 21, Patullos Road, Chennai – 600 002, India CIN: L65100TN1993PLC025996 Ph: +91 44 2888 1311 www.tsfinvestments.com