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TVS Srichakra Ltd. — Capital/Financing Update 2025
Aug 14, 2025
61301_rns_2025-08-14_5f0f1c7f-d7d2-4f67-a053-f80818cbb0c8.pdf
Capital/Financing Update
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REF:TSL:SEC:2025/126
National Stock Exchange of India Ltd., BSE Limited 5th Floor P J Towers Exchange Plaza Dalal Street Bandra (E), Fort, Mumbai - 400 051 Mumbai 400 001
Scrip Code: TVSSRICHAK Scrip Code: 509243 by NEAPS 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 (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, if any, it is hereby informed that TVS Srichakra Investments Limited (“ TSIL ”), a wholly owned subsidiary of the Company, has made an investment by subscribing to the rights issue of TVS Sensing Solution Private Limited (“ TVSSSPL ”), a wholly owned subsidiary of TSIL.
TSIL has invested ₹5,99,99,800/- (Rupees Five Crore Ninety-Nine Lakh Ninety-Nine Thousand Eight Hundred Only) by subscribing to 2,14,285 equity shares of TVSSSPL at a face value of ₹10/- per share with a premium of ₹270/- per share. The proceeds from the rights issue will be utilized by TVSSSPL to improve upon efficient working capital management and to support its growth plans.
TSIL has confirmed its subscription to the rights issue today. As a result, its shareholding in TVSSSPL remains unchanged.
The details required under regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are furnished in Annexure A .
This is for your information and records.
Thanking you
Yours faithfully for TVS SRICHAKRA LIMITED
CHINMOY Digitally signed by CHINMOY PATNAIK PATNAIK Date: 2025.08.14 18:28:23 +05'30' Chinmoy Patnaik Company Secretary & Compliance Officer Membership No. A14724
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 [email protected] Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300
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Annexure A
| Sr. No | Particulars | Details | Details | |
|---|---|---|---|---|
| a. | Name of the target entity, details in brief such as size, turnover etc. |
TVS Sensing Solution Private Limited (“TVSSSPL”) incorporated on 01/12/1993, provides products and solutions across a wide range of segments, including Automotive, Industrial, Consumer Durables and IT. The company is known for delivering high-quality solutions and application support to its clients. It is primarily engaged in the manufacture of electrical switches, electrical apparatus and related components. Authorized Capital - Rs. 5,00,00,000 (50,00,000 Equity Shares of Rs.10/- each) Issued/ Subscribed / Paid up capital - Rs. 2,11,65,030 (21,16,503 Equity Shares of Rs.10/-each). TVSSSPL operates in India. Turnover of TVSSSPL is as below: Financial Year Amount In Rs. crores FY25 157.17 FY24 136.67 FY23 120.96 |
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| Financial Year | Amount In Rs. crores |
|||
| FY25 | 157.17 | |||
| FY24 | 136.67 | |||
| FY23 | 120.96 | |||
| b. | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm’s length". |
The acquisition would not fall within related party transactions(s). TVSSSPL has offered shares to TSIL on a rights issue basis, in compliance with the provisions of Section 62(1) of the Companies Act, 2013. Neither Promoter nor any promoter group or group companies have any interest in TVSSSPL except to the interest of indirect shareholding held through the Company. |
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| c. | Industry to which the entity being acquired belongs (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) |
TVSSSPL provides products and solutions across a wide range of segments, including Automotive, Industrial, Consumer Durables and IT. It is primarily engaged in the manufacture of electrical switches, electrical apparatus and related components. |
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 [email protected] Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300
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| Sr. No | Particulars | Details |
|---|---|---|
| d. | Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity). |
The acquisition of shares in TVSSPL by TSIL is intended to improve efficient working capital management and support the growth plans of TVSSPL. |
| e. | Brief details or any governmental or regulatory approvals required for the acquisition. |
None |
| f. | indicative time period for completion of the acquisition |
The consideration amount has been paid by TSIL to TVSSSPL. |
| g. | Consideration- whether cash consideration or share swap or any other form and details of the same |
Consideration is in the form of cash. |
| h. | Cost of acquisition and/or the price at which the shares are acquired. |
₹5,99,99,800 (for 2,14,285 equity shares of a face value of ₹10 each, with a premium of ₹270 per share) |
| i. | Percentage of shareholding / control acquired and / or number of shares acquired. |
TSIL’s shareholding percentage in TVSSSPL shall remain unchanged. |
| 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). |
Please refer Point No.(a). |
TVS Srichakra Limited
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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 [email protected] Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300