NSEGeneral Updates3 Jul 2026 · 3 Jul 2026, 11:04 am
General Updates
TVS Motor Company Limited · TVSMOTOR
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TVS Motor Company Limited has informed the Exchange about the completion of the transfer of certain assets and liabilities of TVS EBike Company AG to Callista Asset Management 33 GmbH, as per the asset transfer agreement dated 14th May 2026.
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Full Announcement
TVS Motor Company Limited has informed the Exchange about Update to our earlier disclosure dated 15th May 2026 under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015
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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.
Scrip code: 532343 Scrip code: TVSMOTOR
NCRPS Scrip code: 717506 NCRPS Scrip code: TVSMNCRPS
Dear Sir(s) / Madam,
Ref. : Completion of transfer of certain assets and liabilities of TVS EBike
Company AG.
Subject : Update to our earlier disclosure dated 15th May 2026 under
Regulation 30 read with Schedule III of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
With reference to the captioned subject, we wish to inform you that pursuant to the asset
transfer agreement dated 14th May 2026 (“Asset Transfer Agreement”) entered into
amongst TVS Motor (Singapore) Pte. Ltd (“TVSM Singapore”), a wholly owned subsidiary
of the Company, TVS EBike Company AG (“TVS EBike”), a step-down wholly owned
subsidiary of the Company, and Callista Asset Management 33 GmbH (or its affiliates)
(“Callista AMG”), TVS EBike has on 2nd July 2026, completed the transfer of the identified
assets and liabilities to Callista AMG, in accordance with the terms of the Asset Transfer
Agreement and the details mentioned in our disclosure dated 15th May 2026.
We further wish to clarify that, pursuant to the abovementioned Asset Transfer Agreement,
there has been no change in the shareholding of TVS Singapore in TVS EBike. Accordingly,
TVS EBike continues to remain as a wholly owned subsidiary of TVSM Singapore and
consequently, a step down wholly owned subsidiary of the Company as well.
This may kindly be treated as a material development on the earlier disclosure dated
15th May 2026 under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
Date and time of occurrence of event: 2nd July 2026 at 3:00 PM (IST).
Thanking you,
Yours truly,
For TVS MOTOR COMPANY LIMITED
K S Srinivasan
Company Secretary
Website : www.tvsmotor.com Email : contactus@tvsmotor.com CIN : L35921TN1992PLC022845