BSEInsider Trading / SAST4d ago · 1 Aug 2026, 02:23 pm
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Wheels India Ltd · 590073
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Wheels India Ltd has received a disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding an inter-se transfer of equity shares between promoters. TSF Investments Limited, a promoter of Wheels India Ltd, will acquire 2,56,547 equity shares from Trichur Sundaram Santhanam & Family Private Limited, another promoter. The transaction is exempt from making an open offer under Regulation 10(1)(a)(ii) as it is an inter-se transfer of shareholding amongst promoters.
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Full Announcement
Wheels India Ltd - 590073 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
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SEC: 012:26-27/TS/31.07.2026
The National Stock Exchange of India Limited BSE Limited,
Listing Department Exchange Plaza, Department of Corporate Services
5th Floor, Plot no. C/1, G- Block, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Dalal Street, Fort,
Mumbai – 400 051. Mumbai – 400 001.
Symbol: WHEELS Scrip Code: 590073
Dear Sir/Madam,
Sub: Inter-se transfer of Equity Shares between Promoters of Wheels India
Limited
Re: Disclosure pertaining to Regulation 10(5) of SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI Takeover
Regulations”)
We have enclosed herewith the disclosure in the prescribed format under Regulation
10(5) of the SEBI Takeover Regulations in respect of the proposed transfer of 2,56,547
equity shares of ₹10/- each representing 1.050% in the total shareholding capital of
Wheels India Limited, through a transfer from Trichur Sundaram Santhanam & Family
Private Limited (Promoter) to TSF Investments Limited (Promoter).
Please note that this transaction, being an inter-se transfer of shares between persons
named as promoters in the shareholding pattern filed by the company for not less than
three years prior to the proposed acquisition, falls within the exemption provided under
Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations.
We request that this information be kindly taken on record.
Thanking you,
Yours truly,
For TSF Investments Limited
S. Kalyanaraman
Secretary & Compliance Officer
Encl.,
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
Disclosure under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition
under Regulation 10(1)(a)(ii)of Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
1. Name of the Target Company (TC) Wheels India Limited (WIL)
2. Name of the acquirer TSF Investments Limited (TSF)
3. Whether the acquirer is a promoter of the TC Yes. The acquirer, TSF, is a promoter of
prior to the transaction. If not, nature of the TC and has been disclosed as the
relationship or association with the TC or its
promoter in the shareholding pattern
promoters.
filed by the TC for not less than three
years prior to the proposed acquisition.
4. Details of the proposed acquisition
a. Name of the person from whom shares are Trichur Sundaram Santhanam & Family
to be acquired Private Limited
b. Proposed date of acquisition 07.08.2026
c. Number of shares to be acquired from 2,56,547 equity shares of the TC
each person mentioned in 4(a) above
d. Total shares to be acquired as % of share 1.050% of the equity share capital of
capital of TC the TC
e. Price at which shares are proposed to be ₹1,518.62 per share
acquired
f. Rationale, if any, for the proposed transfer Transaction is being undertaken as an
inter-se transfer of shareholding
amongst promoters of the TC.
5. Relevant sub-clause of regulation 10(1)(a) Regulation 10(1)(a)(ii) of SEBI
under which the acquirer is exempted from Takeover Regulations.
making open offer
6. If, frequently traded, volume weighted average ₹1,518.62 per share
market price for a period of 60 trading days
preceding the date of issuance of this notice as
traded on the stock exchange where the
maximum volume of trading in the shares of
the TC are recorded during such period.
7. If in-frequently traded, the price as determined in Not applicable.
terms of clause (e) of sub-regulation (2) of
regulation 8.
8. Declaration by the acquirer, that the acquisition The acquirer hereby confirms that the
price would not be higher by more than 25% of acquisition price would not be higher by
the price computed in point 6 or point 7 as
more than 25% of the price computed in
applicable.
point 6 above, i.e. ₹1898.27 per share
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
9. i. Declaration by the acquirer, that the i. The acquirer confirms that the
transferor and transferee have complied transferor and transferee have
(during 3 years prior to the date of proposed
complied (during 3 years prior to the
acquisition) / will comply with applicable
date of proposed acquisition)/ will
disclosure requirements in Chapter V of the
comply with applicable with the
Takeover Regulations, 2011.
applicable disclosure requirements in
Chapter V of the SEBI Takeover
Regulations.
ii. The aforesaid disclosures made during ii. Enclosed.
previous 3 years prior to the date of
proposed acquisition to be furnished.
10. Declaration by the acquirer that all the conditions The acquirer confirms that all the
specified under regulation 10(1)(a) with respect conditions specified under Regulation
to exemptions has been duly complied with.
10(1)(a), to the extent applicable, have
been duly complied with.
11. Shareholding details Before the After the proposed
proposed transaction
transaction
No. of % w.r.t No. of % w.r.t
shares total shares total
/voting share /voting share
rights capital rights capital of
of TC TC
a. Acquirer(s) and PACs (other than sellers)(*)
1.TSF Investments Limited
58,53,367 23.96 61,09,914 25.007
2.Sri Harsha Viji
1944 0.01 1944 0.01
3.Sri Srivats Ram
2,11,876 0.87 2,11,876 0.87
b. Seller(s)
Trichur Sundaram Santhanam & Family
72,94,514 29.85 70,37,967 28.804
Private Limited
Thanking you,
Yours truly,
For TSF Investments Limited
S. Kalyanaraman
Secretary & Compliance Officer
Encl.,
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
Kalyanaraman S
From: Kalyanaraman S
Sent: 04 April 2024 12:19
To: takeover
Cc: AC.Lakshmi K V
Subject: Disclosure under Reg. 31(4) of the SEBI (SAST) Regulations, 2011 - M/s.Wheels India
Limited
Dear Sirs/Madam,
We, Sundaram Finance Holdings Limited, Promoter of M/s.Wheels India Limited hereby confirm that we have
not made any encumbrance, directly or indirectly, of the shares held by us in the Company, during the financial
year 2023-24.
Yours sincerely,
For Sundaram Finance Holdings Limited
S Kalyanaraman
Secretary & Compliance Officer
Disclosure(s) pursuant to SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 - Regulation 31(4) Annual Declaration
We, Sundaram Finance Holdings Limited being a promoter of Wheels India Limited
hereby confirm that we have not made any encumbrance directly or indirectly of the
shares held by us in the Company during the Financial year ending 31st March 2025
or earlier.
Declaration
I hereby declare that the disclosure being submitted is true and correct.
Thanking you,
Yours truly,
For Sundaram Finance Holdings Limited
S. Kalyanaraman
Secretary & Compliance Officer
Sundaram Finance Holdings Limited
Regd. Office: 21, Patullos Road, Chennai 600 002, India CIN: L65100TN1993PLC025996
Ph: +91 44 2888 1311 www.sundaramholdings.in Fax: +91 44 2858 6641
Disclosure(s) pursuant to SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 - Regulation 31(4) – Annual Declaration
We, TSF Investments Limited (formerly known as Sundaram Finance Holdings
Limited) being a promoter of “Wheels India Limited” hereby confirm that we have not
made any encumbrance directly or indirectly of the shares held by us in the Company
during the Financial year ending 31st March 2026 or earlier.
Declaration
I hereby declare that the disclosure being submitted is true and correct.
Thanking you,
Yours truly,
For TSF Investments Limited
S. Kalyanaraman
Secretary & Compliance Officer
Date: 02nd April 2026
Place: Chennai
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 13
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