Credit Rating

3rd July 2026 BSE Limited, National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Bandra-Kurla Complex, Mumbai 400 001. Bandra (E), Mumbai 400 051. Equity Scrip code: 532343 Equity Scrip code: TVSMOTOR NCRPS Scrip code: 717506 NCRPS Scrip code: TVSMNCRPS Dear Sir / Madam, Reg : Intimation of Credit Rating under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that CARE Ratings Limited, vide their communication dated 3rd July 2026, has assigned rating in respect of the company’s instrument as per the details below: Facilities Amounts Rating/Outlook Rating Action (Rs. in Crores) Non - Convertible Debentures 125.00 CARE AAA; Stable Assigned Communication from the rating agency is enclosed herewith. Thanking you, Yours truly, For TVS MOTOR COMPANY LIMITED K S Srinivasan Company Secretary Encl : a/a Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 No. CARE/HO/RL/2026-27/1936 Shri K Desikan Group CFO TVS Motor Company Limited P.B.No.4, Harita,TWO WHEELER PLANT,KRISHNAGIR Hosur Chennai Tamil Nadu 635109 July 03, 2026 Confidential Dear Sir, Credit rating for proposed Non-Convertible Debenture issue Please refer to your request for rating of proposed long-term Non-convertible Debenture (NCD) issue aggregating to Rs.125 crore of your Company. 2. The following ratings have been assigned by our Rating Committee: Amount Sr. No. Instrument Rating1 Rating Action (₹ crore) 1. Non Convertible Debentures 125.00 CARE AAA; Stable Assigned 3. Please arrange to get the rating revalidated, in case the proposed issue is not made within a period of six months from the date of our initial communication of rating to you (that is June 25, 2026). 4. In case there is any change in the size or terms of the proposed issue, please get the rating revalidated. 5. Please inform us the below-mentioned details of issue immediately, but not later than 7 days from the date of placing the instrument: Name and Issue Coupon contact Details Instrument Size Coupon Terms of Redemption ISIN Payment details of of top 10 type (Rs Rate Redemption date Dates Debenture investors Trustee 6. Kindly arrange to submit to us a copy of each of the documents pertaining to the NCD issue, including the offer document and the trust deed. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 3 7. The rating report for the rating will be communicated to you separately. 8. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 9. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you. 10. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades. 11. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 12. Our ratings are not recommendations to buy, sell or hold any securities. 13. If you need any clarification, you are welcome to approach us in this regard. We are indeed, grateful to you for entrusting this assignment to CARE Ratings Ltd. Thanking you, Yours faithfully, Rohan Deshmukh Arti Roy Assistant Director Associate Director rohan.deshmukh@careedge.in arti.roy@careedge.in Encl.: As above CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 3 Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access of the rating does not create a client relationship between CareEdge Ratings and the user. 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However, if any such clauses are introduced and triggered, the ratings may see volatility and sharp downgrades. CareEdge Ratings has established policies and procedures as required under applicable laws and regulations which are available on its website. Privacy Policy applies. For Privacy Policy please refer to https://www.careratings.com/privacy_policy © 2026, CARE Ratings Limited. All Rights Reserved. This content is being published for the purpose of dissemination of information required as per applicable law and regulations and [Showing first 8,000 characters — download PDF for full document]