TVS Srichakra Ltd. — Capital/Financing Update 2023

Dec 22, 2023

==> picture [196 x 69] intentionally omitted <==

REF:TSL:SEC:2023/366

National Stock Exchange of India Ltd., 5th Floor Exchange Plaza Bandra (E), Mumbai - 400 051

BSE Limited P J Towers Dalal Street Fort, Mumbai 400 001

Scrip Code: TVSSRICHAK by NEAPS

Scrip Code: 509243 by Listing Centre

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”).

Dear Sir/Madam,

In terms of Regulation 30 of the SEBI (LODR) Regulations and other applicable rules and regulations if any, it is informed that the Company made an investment of Rs.6,660/- and acquired 666 Equity Shares in the Equity Share Capital of M/s. Clean Max Genesis Private Limited (“ CMGPL ”) at face value of Rs.10/- each, which represents 6.60% of the paid-up Equity Share Capital of CMGPL.

The details required under regulation 30 of SEBI (LODR) Regulations, 2015 read with Circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, are furnished in Annexure A .

The intimation on transfer of Equity Shares in the name of the Company is received today.

This is for your information and records.

Thanking you

Yours faithfully for TVS SRICHAKRA LIMITED

CHINMOY Digitally signed by CHINMOY PATNAIK DN: c=IN, o=PERSONAL, title=2992, pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce9 0bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51 PATNAIK ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK Date: 2023.12.22 14:33:26 +05'30' Chinmoy Patnaik Company Secretary & Compliance Officer Membership No. A14724

TVS Srichakra Limited

==> picture [532 x 20] intentionally omitted <==

CIN: L25111TN1982PLC009414 Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com I secretarial@eurogriptyres.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300

==> picture [196 x 69] intentionally omitted <==

Annexure A Information under Regulation 30 of SEBI Listing Regulations read with Circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023

==> picture [438 x 548] intentionally omitted <==

----- Start of picture text -----

Sr. Particulars Details
No
a. Name of the target entity, details in brief M/s. Clean Max Genesis Private Limited
such as size, turnover etc. (“ CMGPL ”)
Authorized Capital - Rs.30,00,000
(3,00,000 Equity Shares of Rs.10/- each)
Issued/ Subscribed / Paid up capital -
Rs.1,00,000 (10,000 Equity Shares of
Rs.10/each)
Turnover - NA
CMGPL has been incorporated on 11-
03-2023
b. Whether the acquisition would fall within No, the transaction is not with a Related
related party transaction(s) and whether Party. None of the promoter / promoter
the promoter/ promoter group/ group group / group companies have any
companies have any interest in the interest in CMGPL whose equity shares
entity being acquired? are acquired by the company. The
If yes, nature of interest and details acquisition is made at face value and is
thereof and whether the same is done at at arm's length basis.
"arm’s length".
c. Industry to which the entity being Generation and supply of renewable
acquired belongs (including but not energy from solar, wind or wind solar
limited to, disclosure of reasons for hybrid and any other renewable energy
acquisition of target entity, if its business sources in form of solar project.
is outside the main line of business of
the listed entity)
d. Objects and impact of acquisition The object of acquiring the shares of
(including but not limited to, disclosure of CMGPL by the Company is to purchase
reasons for acquisition of target entity, if Solar power under Group Captive mode.
its business is outside the main line of
business of the listed entity).
e. Brief details or any governmental or None
regulatory approvals required for the
acquisition.
f. indicative time period for completion of 22-12-2023.
the acquisition
g. Consideration- whether cash Consideration is in the form of cash.
consideration or share swap or any
other form and details of the same
----- End of picture text -----

TVS Srichakra Limited

CIN: L25111TN1982PLC009414 Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com I secretarial@eurogriptyres.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300

==> picture [532 x 20] intentionally omitted <==

==> picture [196 x 69] intentionally omitted <==

==> picture [438 x 66] intentionally omitted <==

----- Start of picture text -----

h. Cost of acquisition and/or the price at Rs. 6,660 (666 Shares at a face value of
which the shares are acquired. Rs.10/- each)
i. Percentage of shareholding / control 6.66% in the paid-up Equity Share
acquired and / or number of shares Capital of CMGL
acquired.
----- End of picture text -----

h. i.	Cost of acquisition and/or the price at which the shares are acquired. Percentage of shareholding / control acquired and / or number of shares acquired.	Rs. 6,660 (666 Shares at a face value of Rs.10/-each) 6.66% in the paid-up Equity Share Capital of CMGL
j.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).	CMGPL is a Special Purpose Vehicle (SPV) formed by Clean Max Enviro Energy Solutions Private Limited for development, generation, supply of renewable energy from solar, wind or wind solar hybrid and any other renewable energy sources in form of solar project and park to various consumers in various parts of the country. It was incorporated on 11-03-2023 and have presence in India. It is a newly incorporated Company and hence, history of 3 years turnover is not available.

TVS Srichakra Limited

CIN: L25111TN1982PLC009414

Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com I secretarial@eurogriptyres.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300

==> picture [532 x 20] intentionally omitted <==