TVS Motor Company Completes Newspaper Publication for 6% NCRPS Listing
TVS Motor Company has completed the required newspaper publication for the listing of 190,03,48,456 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS). These shares, with a face value of INR 10 each, were issued as a bonus and will be listed on BSE and NSE. SEBI has granted relaxation from certain regulations for this listing.
This is a procedural announcement related to a previously decided corporate action (bonus issue of NCRPS and their listing). It does not introduce new financial information or strategic changes that would materially impact the company's business or stock performance.
The announcement is a routine regulatory filing regarding the publication of advertisements for the listing of preference shares. It does not contain any new financial information or strategic developments that would significantly impact the company's valuation or future prospects.
TVS Motor Company Limited has announced the publication of advertisements in newspapers, fulfilling regulatory requirements for the listing and trading of its 190,03,48,456 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) of INR 10 each. These NCRPS were issued by way of bonus, with 4 NCRPS for every 1 equity share, based on the record date of August 25, 2025, as part of a Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Chennai Bench.
The company had received in-principle approvals from BSE Limited and the National Stock Exchange of India Limited for the listing of these NCRPS. Furthermore, SEBI granted a relaxation from the provisions of Rule 19(2)(b) of the Securities Contracts (Regulations) Rules, 1957, via a letter dated February 9, 2026. The advertisements were published on February 13, 2026, in Business Standard (English), Jansatta (Hindi), and Makkal Kural. These advertisements are also available on the company's website, www.tvsmotor.com.
The Scheme of Arrangement, which became effective on August 12, 2025, involved the allotment of these NCRPS on September 1, 2025. The NCRPS carry a coupon rate of 6% per annum and are set to be redeemed at par value on September 1, 2026, which is 12 months from the allotment date. The company has confirmed that there has been no change in its equity shareholding pattern pursuant to the Scheme.
What to do with a filing like this
TVS Motor Company Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by TVS Motor Company Limited. Read the original for the full detail.