TVS Motor completes redemption of 190.03 crore preference shares worth ₹19,003 crore
TVS Motor Company completed the redemption of 190.03 crore preference shares (NCRPS) on September 1, 2026. The total redemption amount was ₹19,003 crore, including a coupon payment of ₹114.02 crore at 6% per annum. This extinguishes the NCRPS effective from the redemption date.
The redemption of preference shares is a pre-planned financial event and does not significantly impact the company's ongoing operations or future business prospects. It's a standard closure of a financial instrument.
The announcement pertains to the redemption of preference shares, which is a routine financial event and does not inherently indicate positive or negative performance for the company.
TVS Motor Company Limited has announced the successful redemption of 190,03,48,456 cumulative non-convertible redeemable preference shares (NCRPS). The redemption, which includes a full and final redemption amount of ₹10 per NCRPS along with an annual coupon payment at 6% per annum, was completed on September 1, 2026.
The total issue size for these NCRPS was ₹19,003 crore (1900,34,84,560), with a coupon amount of ₹114.02 crore (114,02,09,074) paid on the due date. The redemption was carried out in terms of Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements), 2015, and a relevant SEBI circular.
Consequent to the payment of the redemption amount, the NCRPS have been fully redeemed and extinguished effective September 1, 2026. The company has provided details of the coupon and redemption payments made, confirming the successful closure of this financial instrument.
A plain-language summary of a public exchange filing by TVS Motor Company Limited. Read the original for the full detail.