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TVS Srichakra Ltd. Interim / Quarterly Report 2026
61301_rns_2026-05-27_1ac616ea-0c19-461c-8669-bd14adbae142.pdf
Interim / Quarterly Report
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EUROGRIP
REF: TSL:SEC:2026/67
27th May 2026
BSE Limited
P J Towers
Dalal Street, Fort
Mumbai 400 001
National Stock Exchange of India Ltd.,
5th Floor, Exchange Plaza
Bandra (E)
Mumbai - 400 051
Scrip Code: 509243
Scrip Code: TVSSRICHAK
Dear Madam / Sir,
Sub : Outcome of Board Meeting held on 27th May 2026
Ref : Disclosure under Reg. 30, 33 and all other applicable regulations read with Sch. III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We wish to inform that the Board of Directors at its meeting held on 27th May 2026 (today) inter alia approved the following:
a) Audited Standalone and Consolidated financial results of the company for the quarter and financial year ended 31st March 2026.
b) Recommendation for final dividend of Rs. 37.80/- per share (378%) on the face value of Rs.10/- per share for the financial year 2025-26. The final dividend will be paid within 30 days from the date of shareholders' approval at the Annual General Meeting.
We enclose a copy of the audited financial results (Standalone and Consolidated) of the company for the quarter and financial year ended 31st March 2026 along with statements of Assets & Liabilities, Cash Flow Statements and Auditor's Reports.
As required under Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company hereby declares that the Statutory Auditors have expressed an unmodified opinion on the Standalone and Consolidated Financial Results of the Company for the financial year ended 31st March 2026.
The Board meeting commenced at 11.45 A.M and concluded at 1.58 P.M.
Kindly take the above on record.
Thanking you
Yours faithfully
For TVS SRICHAKRA LIMITED
CHINMOY PATNAIK
Digitally signed by CHINMOY PATNAIK
Date: 2026.05.27 14:16:38 +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 | Website: www.tvseurogrip.com | Email: [email protected]
Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300
NEUROGRP
TVS SRICHAKRA LIMITED
CIN: L25111TN1982PLC009414
Regd Office: TVS Building, 7-B West Veli Street, Madurai - 625001
STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
Rs in crores except EPS
| Particulars | Standalone | |||||
|---|---|---|---|---|---|---|
| Quarter ended | Year ended | |||||
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | ||
| Audited | Unaudited | Audited | Audited | Audited | Audited | |
| 1 | Income | |||||
| (a) | Revenue from Operations | 912.52 | 850.36 | 752.05 | 3,389.66 | 3,022.90 |
| (b) | Other Income | 6.21 | 1.54 | 2.12 | 13.78 | 7.63 |
| Total Income (a)+(b) | 918.73 | 851.90 | 754.17 | 3,403.44 | 3,030.53 | |
| 2 | Expenses | |||||
| (a) | Cost of materials consumed | 497.19 | 486.96 | 438.93 | 1,894.55 | 1,805.45 |
| (b) | Purchases of stock-in-trade | 0.21 | 0.26 | 1.15 | 1.34 | 1.98 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 7.51 | (3.02) | 8.08 | 64.83 | (46.32) |
| (d) | Employee benefits expense | 98.47 | 92.08 | 84.42 | 377.00 | 350.08 |
| (e) | Finance costs | 10.71 | 10.93 | 13.22 | 46.45 | 49.17 |
| (f) | Depreciation and amortisation expenses | 33.92 | 33.79 | 33.39 | 132.03 | 118.91 |
| (g) | Other expenses | 225.99 | 198.94 | 158.49 | 780.03 | 691.25 |
| Total expenses (sum of (a) to (g)) | 874.00 | 819.94 | 737.68 | 3,296.23 | 2,970.52 | |
| 3 | Profit / (Loss) before exceptional items and Tax (1-2) | 44.73 | 31.96 | 16.49 | 107.21 | 60.01 |
| 4 | Exceptional Items (Refer Note 3) | (0.89) | 12.97 | 4.65 | (2.92) | 11.40 |
| 5 | Profit / (Loss) before Tax (3-4) | 45.62 | 18.99 | 11.84 | 110.13 | 48.61 |
| 6 | Tax Expense | |||||
| (a) | Current Tax | 16.93 | 5.64 | 1.05 | 28.95 | 4.20 |
| (b) | Current Tax (Previous year) | - | - | - | (1.66) | - |
| (c) | Deferred Tax | (5.93) | (0.81) | 0.20 | 0.13 | 7.45 |
| 7 | Net Profit / (Loss) after tax for the period/ year (5-6) | 34.62 | 14.16 | 10.59 | 82.71 | 36.96 |
| 8 | Other Comprehensive Income | |||||
| (a) | Items that will not be reclassified to Statement of Profit and loss | 16.23 | - | (4.02) | 16.23 | 126.34 |
| Income tax relating to the above | (9.48) | - | 1.01 | (9.48) | (28.12) | |
| (b) | Items that will be reclassified to Statement of Profit and Loss | (11.54) | (0.55) | (12.74) | (65.71) | (13.31) |
| Income tax relating to the above | 2.91 | 0.13 | 3.21 | 16.54 | 3.34 | |
| Other Comprehensive Income | (1.88) | (0.42) | (12.54) | (42.42) | 88.25 | |
| 9 | Total Comprehensive Income for the period/ year (7+8) | 32.74 | 13.74 | (1.95) | 40.29 | 125.21 |
| 10 | Paid-up equity share capital (Face value of Rs.10/- each) | 7.66 | 7.66 | 7.66 | 7.66 | 7.66 |
| 11 | Other Equity | 1,222.64 | 1,195.27 | |||
| 12 | Earnings Per Share (EPS) (not annualized) | |||||
| Basic (In Rs.) | 45.22 | 18.49 | 13.84 | 108.02 | 48.28 | |
| Diluted (In Rs.) | 45.22 | 18.49 | 13.84 | 108.02 | 48.28 |
TVS Srichakra Limited
CIN: L25111TN1982PLC009414
Regd. Office: TVS Building, 7-B West Veli Street, Madurai - 625 001, Tamil Nadu, India.
Tel: +91 0452 2356400. Fax: +91 0452 2443466 | www.tvseurogrp.com
Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai - 625 122, India. Tel: +91 452 2443300
E-Mail id: [email protected]
A TVS MOBILITY GROUP COMPANY
NEUROGRP
Notes :
-
The above audited standalone financial results of the Company for the quarter and year ended March 31, 2026 have been prepared in accordance with the Indian Accounting Standards (INDAS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. These results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their Meeting held on May 27, 2026. The Statutory Auditors of the Company have carried out the audit of the results for the year ended March 31, 2026.
-
The Company's business activity falls within a single reportable business segment, viz, Automotive Tyres, Tubes and Flaps.
-
Following form part of exceptional items:
a) The Company has received interim eligibility certificate from State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) for a structured package of assistance in the form of an Investment Promotion Capital Subsidy (the "Grant"), which was sanctioned by the State Government of Tamil Nadu in November 2021. The Grant will be received over 12 years, in equal annual instalments, subject to fulfilment of Grant related conditions as laid down by the Government.
The Company has adopted Income Approach as laid down in Ind AS 20 "Accounting for Government Grants and Disclosure of Government Assistance" for accounting the aforementioned Grant. Accordingly grant income of ₹18.81 crores attributable towards completed useful life of eligible assets upto March 31, 2025 recognised under exceptional item.
b) The Company had a Voluntary Retirement Scheme for its employees. Under this scheme, the Company has spent Rs.0.25 Crores and Rs.5.36 Crores during the quarter and year ended March 31, 2026 respectively (Rs.5.30 Crores for the year ended March 31, 2025).
c) The Government of India had notified four Labour Codes which became effective from 21st November 2025. Final central rules were notified on 8th May 2026, while notification of state rules including those for Tamilnadu is awaited.
To comply with the above, the Company had taken an actuarial valuation in accordance with Ind AS 19 - Employee Benefits, read with relevant guidance issued by the Institute of Chartered Accountants of India, and had recognized an incremental obligation of Rs.10.61 crores as past-service cost during the year. Considering the non-recurring nature of the impact arising on first-time application of the Labour Codes, the same has been disclosed as an exceptional item.
The Company is in the process of evaluating and implementing the necessary changes in the employee benefit policies and will continue to monitor further regulatory developments including notifications of state rules and additional clarifications to assess the consequential financial impact, if any.
d) During the year 2024-25, The Regional Provident Fund Commissioner, Madurai issued final orders under Section 7-A of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, for provident fund applicability on certain salary/wages components for the period April 2012 to July 2017. Potential additional liability arising out of the aforesaid orders was estimated and accounted for as exceptional item amounting to Rs.6.10 crores for the year ended March 31, 2025.
e) The Company has received eligibility certificate from State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) for a structured package of assistance in the form of an Green Industry Incentive (the "Grant"), which was sanctioned by the State Government of Tamil Nadu in November 2021. This is a one-time Grant.
The Company has adopted Income Approach as laid down in Ind AS 20 "Accounting for Government Grants and Disclosure of Government Assistance" for accounting the aforementioned Grant. Accordingly grant income of ₹0.08 crores attributable to the financial year 2024-25 recognised under exceptional item.
TVS Srichakra Limited
CIN: L25111TN1982PLC009414
Regd. Office: TVS Building, 7-B West Veli Street, Madurai - 625 001, Tamil Nadu, India.
Tel: +91 0452 2356400. Fax: +91 0452 2443466 | www.tvseurogrp.com
Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai - 625 122, India. Tel: +91 452 2443300
E-Mail id: [email protected]
A TVS MOBILITY GROUP COMPANY
SCHROERIP
-
The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures up to the end of the third quarter of the relevant financial year.
-
The Board of Directors of the company recommended a dividend of Rs.37.80 per equity share of Rs.10/- each for the year ended March 31, 2026, subject to the approval of shareholders at the ensuing Annual General Meeting of the company.
-
The previous year figures have been regrouped / rearranged to conform to current period classification.
Place: Chennai
Date: 27th May 2026
BY THE ORDER OF BOARD
RAMACHAND
HRAN
SHOBHANA
Digitally signed by
RAMACHANDHRAN
SHOBHANA
Date: 2026.05.27 14:12:39
+05'30'
MANAGING DIRECTOR
DIN: 00273837
TVS Srichakra Limited
CIN: L25111TN1982PLC009414
Regd. Office: TVS Building, 7-B West Veli Street, Madurai - 625 001, Tamil Nadu, India.
Tel: +91 0452 2356400. Fax: +91 0452 2443466 | www.tvseurogrip.com
Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai - 625 122, India. Tel: +91 452 2443300
E-Mail id: [email protected]
A TVS MOBILITY GROUP COMPANY
NEUROGRIP
TVS SRICHAKRA LIMITED
Regd Office: TVS Building, 7-B West Veli Street, Madurai - 625001
STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31, 2026
Rs in crores
| Particulars | | As at
31-Mar-26 | As at
31-Mar-25 |
| --- | --- | --- | --- |
| | | Audited | Audited |
| I. | ASSETS | | |
| 1 | Non-current assets | | |
| | (a) Property, Plant and Equipment | 1,002.47 | 1,022.88 |
| | (b) Capital work-in-progress | 37.85 | 63.25 |
| | (c) Intangible assets | 64.69 | 49.18 |
| | (d) Intangible assets under development | 26.46 | 30.70 |
| | (e) Right of Use Assets | 23.38 | 23.71 |
| | (f) Financial Assets | | |
| | (i) Investment in subsidiary and associate | 98.81 | 98.81 |
| | (ii) Other Investments | 414.29 | 391.99 |
| | (iii) Others | 81.83 | 33.33 |
| | (g) Income tax assets (net) | 10.87 | 23.93 |
| | (h) Other non-current assets | 57.61 | 41.59 |
| 2 | Current assets | | |
| | (a) Inventories | 658.14 | 717.88 |
| | (b) Financial Assets | | |
| | (i) Trade receivables | 364.57 | 298.23 |
| | (ii) Cash and cash equivalents | 11.78 | 10.84 |
| | (iii) Bank balances other than (ii) above | 2.10 | 2.43 |
| | (iv) Loans | 52.96 | 36.21 |
| | (v) Others | 14.41 | 4.80 |
| | (c) Other Current Assets | 50.48 | 40.11 |
| | TOTAL ASSETS | 2,972.70 | 2,889.87 |
| II. | EQUITY AND LIABILITIES | | |
| 1 | Equity | | |
| | (a) Equity Share capital | 7.66 | 7.66 |
| | (b) Other Equity | 1,222.64 | 1,195.27 |
| | Total Equity | 1,230.30 | 1,202.93 |
| | Liabilities | | |
| 2 | Non-current liabilities | | |
| | (a) Financial Liabilities | | |
| | (i) Borrowings | 268.62 | 345.15 |
| | (ii) Other financial liabilities | 13.28 | 11.82 |
| | (b) Provisions | 17.20 | 17.62 |
| | (c) Deferred tax liabilities (Net) | 95.14 | 102.07 |
| | (d) Other Non-current liabilities | 42.55 | 0.07 |
| 3 | Current liabilities | | |
| | (a) Financial Liabilities | | |
| | (i) Borrowings | 433.11 | 467.04 |
| | (ii) Trade payables | | |
| | (A) Total outstanding dues of Micro and Small Enterprises | 13.88 | 7.68 |
| | (B) Total outstanding dues of creditors other than Micro and Small Enterprises | 500.31 | 478.40 |
| | (iii) Other financial liabilities (other than those specified above) | 305.97 | 205.82 |
| | (b) Other current liabilities | 27.90 | 33.51 |
| | (c) Provisions | 24.44 | 17.76 |
| | TOTAL EQUITY AND LIABILITIES | 2,972.70 | 2,889.87 |
Place: Chennai
Date: 27th May 2026
TVS Srichakra Limited
Regd. Office: TVS Building, 7-B West Veli Street, Madurai - 625 001, Tamil Nadu, India.
Tel: +91 0452 2356400. Fax: +91 0452 2443466 | www.tvseurogrip.com
Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai - 625 122, India. Tel: +91 452 2443300
RAMACHANDHR
AN SHOBHANA
Digitally signed by
RAMACHANDHRAN SHOBHANA
Date: 2026.05.27 14:14:06
+05'30'
E-Mail id: [email protected]
A TVS MOBILITY GROUP COMPANY
TEUROGRP
STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2026
Rs in crore
| | Particulars | Year ended
31-Mar-26 | | Year ended
31-Mar-25 | |
| --- | --- | --- | --- | --- | --- |
| | | Audited | | Audited | |
| A. | CASH FLOW FROM OPERATING ACTIVITIES: | | | | |
| | Profit before tax | | 110.13 | | 48.61 |
| | Adjustments for : | | | | |
| | Depreciation | 132.03 | | 118.91 | |
| | Interest expense | 46.45 | | 49.17 | |
| | Interest received | (5.47) | | (4.70) | |
| | Government grant accounting adjustments | (22.43) | | | |
| | Net Unrealised Foreign Exchange (gain)/loss | (5.81) | | (0.14) | |
| | Advances Written off / written back | - | | (1.26) | |
| | Profit from Sale of Property, Plant & Equipments (net) | (0.23) | | - | |
| | Allowance for bad and doubtful debts | 1.20 | | 0.50 | |
| | Assets Condemned | 0.32 | | 1.00 | |
| | | | 146.06 | | 163.48 |
| | OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES | | 256.19 | | 212.09 |
| | Adjustments for : | | | | |
| | Trade Receivables | (61.73) | | (68.93) | |
| | Other Receivables | (21.72) | | 32.46 | |
| | Inventories | 59.74 | | (88.48) | |
| | Trade and other payables | 63.05 | | 126.39 | |
| | | | 39.34 | | 1.44 |
| | Cash Generated From Operations | | 295.53 | | 213.53 |
| | Income taxes paid (net of refund) | | (14.23) | | (8.52) |
| | NET CASH FLOW FROM OPERATING ACTIVITIES (A) | | 281.30 | | 205.01 |
| B. | CASH FLOW FROM INVESTING ACTIVITIES : | | | | |
| | Payment for acquisition of assets | (106.09) | | (155.11) | |
| | Proceeds from sale of property, plant & equipment | 0.29 | | - | |
| | Receipts of Government Grant | 7.25 | | - | |
| | Payment towards other investments | (3.79) | | (2.05) | |
| | Proceeds from sale of other investments | 0.78 | | - | |
| | Loans given to subsidiaries | (16.75) | | (11.54) | |
| | Repayment of loans by subsidiaries | - | | 47.50 | |
| | Interest received | 2.16 | | 5.65 | |
| | Bank balances other than cash and cash equivalents | 0.32 | | 0.27 | |
| NET CASH FLOW USED IN INVESTING ACTIVITIES (B) | | (115.83) | | (115.28) | |
| C. | CASH FLOW FROM FINANCING ACTIVITIES: | | | | |
| | Interest paid | (40.70) | | (48.56) | |
| | Repayments of term loans | (83.14) | | (55.79) | |
| | Proceeds/(Repayment) of short-term borrowings (net) | (27.76) | | 49.95 | |
| | Dividends paid | (12.93) | | (36.25) | |
| | NET CASH FLOW FROM/(USED IN) FINANCING ACTIVITIES (C) | | (164.53) | | (90.65) |
| | NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS
(A+B+C) | | 0.94 | | (0.92) |
| | OPENING CASH AND CASH EQUIVALENTS | | 10.84 | | 11.76 |
| | CLOSING CASH AND CASH EQUIVALENTS | | 11.78 | | 10.84 |
E-Mail id: [email protected]
A TVS MOBILITY GROUP COMPANY
PKF SRIDHAR & SANTHANAM LLP
Chartered Accountants
Independent Auditors' Report
To the Board of Directors of TVS Srichakra Limited
Report on the Audit of Standalone Financial Results
Opinion
-
We have audited the accompanying Standalone Financial Results of TVS Srichakra Limited (“the Company”) for the quarter and year ended 31st March 2026 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended (“Listing Regulations”).
-
In our opinion and to the best of our information and according to the explanations given to us, the statement:
i. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, in this regard;
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (‘the Act’), read with the Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the standalone net profit after tax and other comprehensive income and other financial information of the Company for the quarter and year ended 31st March 2026.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibilities for the Standalone Financial Results
- The Statement has been prepared on the basis of the audited standalone financial statements for the year ended 31st March 2026.
The Company’s Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information for the quarter and year ended 31st March 2026, in accordance with Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and
Fina Rega, No: 0039905/5200018
Tel +91 44 28112989 • E-mail [email protected] • www.pkfindia.in
PKF SRIDHAR & SANTHANAM LLP • KRD Gee Gee Crystal • No.91-92 7th Floor • Dr.Radhakrishnan Salai • Myiapore • Chennai 600004
RECOGNITION NO. WITH ICAI - 0039905/5200018
presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
- In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
-
Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results.
-
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of standalone financial statements on whether the Company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure, and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Page 2 of 3
- We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
- Attention is drawn to the fact that the figures for the quarter ended 31st March 2026 and the corresponding quarter ended in the previous year as reported in these standalone financial results are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures up to the end of the third quarter of the relevant financial year which were subject to limited review by us. Our opinion is not modified in respect of this matter.
For PKF Sridhar & Santhanam LLP
Chartered Accountants
Firm's Registration No. 003990S/S200018
Ramanarayanan J
Partner
Membership No. 220369
Place: Chennai
Date: 27th May 2026
UDIN: 26220369JJCBDY2764
EUROGRIP
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
Rs in crores except EPS
| Particulars | Consolidated | |||||
|---|---|---|---|---|---|---|
| Quarter ended | Year ended | |||||
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | ||
| Audited | Unaudited | Audited | Audited | Audited | ||
| 1 | Income | |||||
| (a) | Revenue from Operations | 980.94 | 916.51 | 818.38 | 3,643.35 | 3,253.83 |
| (b) | Other Income | 8.98 | 0.96 | 2.05 | 14.97 | 6.21 |
| Total Income (a)+(b) | 989.92 | 917.47 | 820.43 | 3,658.32 | 3,260.04 | |
| 2 | Expenses | |||||
| (a) | Cost of materials consumed | 518.36 | 515.67 | 459.68 | 1,978.92 | 1,885.89 |
| (b) | Purchases of stock-in-trade | 26.97 | 19.69 | 9.60 | 74.54 | 57.63 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 1.80 | (12.98) | 15.31 | 58.93 | (54.21) |
| (d) | Employee benefits expense | 110.40 | 105.60 | 97.48 | 429.31 | 404.81 |
| (e) | Finance costs | 11.68 | 11.88 | 14.45 | 50.48 | 54.13 |
| (f) | Depreciation and amortisation expenses | 36.70 | 36.42 | 37.06 | 142.20 | 128.76 |
| (g) | Other expenses | 236.80 | 210.25 | 169.78 | 822.66 | 735.12 |
| Total expenses (sum of (a) to (g)) | 942.71 | 886.53 | 803.36 | 3,557.04 | 3,212.13 | |
| 3 | Profit / (Loss) before exceptional Items and Tax (1-2) | 47.21 | 30.94 | 17.07 | 101.28 | 47.91 |
| 4 | Exceptional Items (Refer Note 4) | (0.87) | 13.88 | 4.65 | (1.99) | 11.40 |
| 5 | Profit / (Loss) before tax (3-4) | 48.08 | 17.06 | 12.42 | 103.27 | 36.51 |
| 6 | Tax Expense | |||||
| (a) | Current Tax | 17.76 | 6.80 | 2.43 | 33.32 | 8.66 |
| (b) | Current Tax (Previous Years) | - | - | - | (1.10) | - |
| (c) | Deferred Tax | (5.77) | (0.92) | 0.34 | (0.01) | 7.33 |
| 7 | Net Profit / (Loss) after tax for the period/year (5-6) | 36.09 | 11.18 | 9.65 | 71.06 | 20.52 |
| 8 | Share of profit / (Loss) from Associate | - | - | - | - | - |
| 9 | Profit / (Loss) After Tax, Non-Controlling interests and share of profit/ (loss) from Associate (7+8) | 36.09 | 11.18 | 9.65 | 71.06 | 20.52 |
| Attributable to: | ||||||
| a. Owners of the Group | 36.09 | 11.15 | 9.59 | 71.23 | 20.61 | |
| b. Non-Controlling interests | - | 0.03 | 0.06 | (0.17) | (0.09) | |
| 10 | Other Comprehensive Income (net of tax) | |||||
| (a) | Items that will not be reclassified to Statement of Profit and loss | 16.33 | - | (3.91) | 16.33 | 126.45 |
| Income tax relating to the above | (9.51) | - | 0.98 | (9.51) | (28.15) | |
| (b) | Items that will be reclassified to Statement of Profit and Loss | (16.69) | (3.78) | (12.41) | (74.46) | (14.21) |
| Income tax relating to the above | 2.91 | 0.13 | 3.21 | 16.54 | 3.34 | |
| Other Comprehensive Income | (6.96) | (3.65) | (12.13) | (51.10) | 87.43 | |
| Attributable to: | ||||||
| a. Owners of the Group | (6.96) | (3.65) | (12.13) | (51.10) | 87.43 | |
| b. Non-Controlling interests | - | - | - | - | - | |
| 11 | Total Comprehensive Income for the period/year (9+10) | 29.13 | 7.53 | (2.48) | 19.96 | 107.95 |
| Attributable to: | ||||||
| a. Owners of the Group | 29.13 | 7.50 | (2.54) | 20.13 | 108.04 | |
| b. Non-Controlling interests | - | 0.03 | 0.06 | (0.17) | (0.09) | |
| 12 | Paid-up equity share capital (Face value of Rs.10/- each) | 7.66 | 7.66 | 7.66 | 7.66 | 7.66 |
| 13 | Other Equity | 1,182.52 | 1,176.24 | |||
| 14 | Earnings Per Share (EPS) (not annualized) | |||||
| Basic (In Rs.) | 47.13 | 14.56 | 12.52 | 93.03 | 26.92 | |
| Diluted (In Rs.) | 47.13 | 14.56 | 12.52 | 93.03 | 26.92 |
Tel: +91 0452 2356400. Fax: +91 0452 2443466 | www.tvseurogrip.com
EUROGRIP
Notes :
-
The audited consolidated financial results of the Company and its four subsidiaries (“the Group”) for the quarter and year ended March 31, 2026 have been prepared in accordance with the Indian Accounting Standards (INDAS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended.
-
The above audited consolidated financial results of the Company for the quarter and year ended March 31, 2026 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their Meeting held on May 27, 2026. The Statutory Auditor of the Company has audited the results for the quarter and year ended March 31, 2026.
-
The Group's major business activity falls within a single reportable business segment, viz, Automotive Tyres, Tubes and Flaps. The rest of the operations' revenue and assets do not meet the criteria for reportable segment as prescribed in IND AS. Non reportable segments have not been disclosed as unallocated reconciling item in view of their immateriality.
-
Following form part of exceptional items:
a) The Holding Company has received interim eligibility certificate from State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) for a structured package of assistance in the form of an Investment Promotion Capital Subsidy (the "Grant"), which was sanctioned by the State Government of Tamil Nadu in November 2021. The Grant will be received over 12 years, in equal annual instalments, subject to fulfilment of Grant related conditions as laid down by the Government.
The Holding Company has adopted Income Approach as laid down in Ind AS 20 "Accounting for Government Grants and Disclosure of Government Assistance" for accounting the aforementioned Grant. Accordingly grant income of ₹18.81 crores attributable towards completed useful life of eligible assets up to March 31, 2025 recognised under exceptional item.
b) The Holding Company had a Voluntary Retirement Scheme for its employees. Under this scheme, the Holding Company has spent Rs.0.25 Crores and Rs.5.36 Crores during the quarter and year ended March 31, 2026 respectively (Rs.5.30 Crores for the year ended March 31, 2025).
c) The Government of India had notified four Labour Codes which became effective from 21st November 2025. Final central rules were notified on 8th May 2026, while notification of state rules including those for Tamilnadu is awaited.
To comply with the above, the Group had taken an actuarial valuation in accordance with Ind AS 19 - Employee Benefits, read with relevant guidance issued by the Institute of Chartered Accountants of India, and had recognized an incremental obligation of Rs.11.09 crores as past-service cost during the year. Considering the non-recurring nature of the impact arising on first-time application of the Labour Codes, the same has been disclosed as an exceptional item.
The Group is in the process of evaluating and implementing the necessary changes in the employee benefit policies and will continue to monitor further regulatory developments including notifications of state rules and additional clarifications to assess the consequential financial impact, if any.
d) During the year 2024-25, The Regional Provident Fund Commissioner, Madurai issued final orders under Section 7-A of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, for provident fund applicability on certain salary/wages components for the period April 2012 to July 2017. Potential additional liability arising out of the aforesaid orders was estimated and accounted for as exceptional item amounting to Rs.6.10 crores for the year ended March 31, 2025.
e) The Holding Company has received eligibility certificate from State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) for a structured package of assistance in the form of an Green Industry Incentive (the "Grant"), which was sanctioned by the State Government of Tamil Nadu in November 2021. This is a one-time Grant. The Holding Company has adopted Income Approach as laid down in Ind AS 20 "Accounting for Government Grants and Disclosure of Government Assistance" for accounting the aforementioned Grant. Accordingly grant income of ₹0.08 crores attributable to the financial year 2024-25 recognised under exceptional item.
f) During the year, the subsidiary, Super Grip Corporation, incurred severance expenses aggregating to Rs.0.45 Crore on account of the separation of certain employees during the period.
EUROGRIP
-
The previous year figures have been regrouped / rearranged to conform to current period classification.
-
The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures up to the end of the third quarter of the relevant financial year.
-
The Board of Directors of the holding company recommended a dividend of Rs.37.80 per equity share of Rs.10/- each for the year ended March 31, 2026, subject to the approval of shareholders at the ensuing Annual General Meeting of the holding
Place: Chennai
Date: 27th May 2026
BY THE ORDER OF BOARD
RAMACHAN
DIRAN
SHOBHANA
Digitally signed by
RAMACHANDHRAN
SHOBHANA
Date: 2026.05.27
14:14:46 +05'30'
MANAGING DIRECTOR
DIN: 00273837
EUROGRIP
| TVS SRICHAKRA LIMITED CIN: L25111TN1982PLC009414 Regd Office: TVS Building, 7-B West Veli Street, Madurai - 625001 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31, 2026 | |||
|---|---|---|---|
| Particulars | As at 31-Mar-2026 | As at 31-Mar-25 | |
| Audited | Audited | ||
| I. | ASSETS | ||
| 1 | Non-current assets | ||
| (a) Property, Plant and Equipment | 1,026.66 | 1,047.40 | |
| (b) Capital work-in-progress | 40.48 | 67.07 | |
| (c) Investment Property | 20.96 | 21.06 | |
| (d) Goodwill | 7.78 | 7.01 | |
| (e) Other Intangible assets | 77.58 | 62.00 | |
| (f) Intangible assets under development | 26.46 | 30.70 | |
| (g) Right of Use Assets | 28.23 | 29.68 | |
| (h) Financial Assets | |||
| (i) Investments | 414.49 | 392.19 | |
| (ii) Others | 82.94 | 37.76 | |
| (i) Income tax assets (net) | 11.80 | 24.84 | |
| (j) Deferred tax assets (net) | 3.50 | 3.39 | |
| (k) Other non-current assets | 58.17 | 42.24 | |
| 2 | Current assets | ||
| (a) Inventories | 742.21 | 798.50 | |
| (b) Financial Assets | |||
| (i) Trade receivables | 410.46 | 346.85 | |
| (ii) Cash and cash equivalents | 19.66 | 12.53 | |
| (iii) Bank balances other than (ii) above | 3.61 | 4.68 | |
| (iv) Loans and advances | 0.03 | 0.01 | |
| (v) Others | 9.08 | 2.51 | |
| (c) Other Current Assets | 58.78 | 49.14 | |
| TOTAL ASSETS | 3,042.88 | 2,979.56 | |
| II. | EQUITY AND LIABILITIES | ||
| 1 | Equity | ||
| (a) Equity Share capital | 7.66 | 7.66 | |
| (b) Other Equity | 1,182.52 | 1,176.24 | |
| Equity attributable to owners of the company | 1,190.18 | 1,183.90 | |
| (c) Non-Controlling Interest | - | (0.76) | |
| Total Equity | 1,190.18 | 1,183.14 | |
| Liabilities | |||
| 2 | Non-current liabilities | ||
| (a) Financial Liabilities | |||
| (i) Borrowings | 269.91 | 348.94 | |
| (ii) Lease liabilities | 2.41 | 4.03 | |
| (iii) Other financial liabilities | 13.28 | 11.82 | |
| (b) Provisions | 17.85 | 17.82 | |
| (c) Deferred tax liabilities (Net) | 95.14 | 102.07 | |
| (d) Other Non-current liabilities | 42.55 | 0.07 | |
| 3 | Current liabilities | ||
| (a) Financial Liabilities | |||
| (i) Borrowings | 492.60 | 531.04 | |
| (ii) Lease liabilities | 2.53 | 2.01 | |
| (iii) Trade payables | |||
| (A) Total outstanding dues of Micro and Small Enterprises | 14.49 | 8.20 | |
| (B) Total outstanding dues of creditors other than Micro and Small Enterprises | 517.97 | 495.05 | |
| (iv) Other financial liabilities | 322.05 | 216.49 | |
| (b) Other current liabilities | 30.94 | 35.23 | |
| (c) Income tax liabilities (net) | 0.02 | 0.62 | |
| (d) Provisions | 30.96 | 23.03 | |
| TOTAL EQUITY AND LIABILITIES | 3,042.88 | 2,979.56 |
Date: 27th May 2026
Place: Chennai
RAMACHANDHR
AN SHOBHANA
Digitally signed by
RAMACHANDHRAN
SHOBHANA
Date: 2026.05.27 14:15:54
+05'10'
EUROGRP
| TVS SRICHAKRA LIMITED CIN: L25111TN1982PLC009414 Regd Office: TVS Building, 7-B West Veli Street, Madurai - 625001 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2026 Rs in crores | |||
|---|---|---|---|
| Particulars | Year ended 31-Mar-26 | Year ended 31-Mar-25 | |
| Audited | Audited | ||
| A. CASH FLOW FROM OPERATING ACTIVITIES: Profit before tax | 103.27 | 36.51 | |
| Adjustments for : Depreciation | 142.20 | 128.76 | |
| Interest expense | 50.48 | 54.13 | |
| Interest received | (3.02) | (2.96) | |
| Government grant accounting adjustments | (22.43) | - | |
| Provisions no longer required | (2.24) | (0.03) | |
| Net Unrealised Foreign Exchange (gain)/loss | (10.40) | (1.04) | |
| Advances Written off / written back | - | (1.20) | |
| Profit from Sale of PPE and Investment Property (net) | (0.23) | (2.29) | |
| Bad debts Written off / written back | 0.09 | 0.01 | |
| Allowance for bad and doubtful debts | 2.20 | 0.93 | |
| Gain on termination of lease | - | (0.16) | |
| Assets Condemned | 0.32 | 1.00 | |
| 156.97 | 177.15 | ||
| OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES | 260.24 | 213.66 | |
| Adjustments for : Trade Receivables | (61.34) | (65.36) | |
| Other Receivables | (81.13) | 35.24 | |
| Inventories | 56.29 | (95.78) | |
| Trade and other payables | 142.71 | 121.68 | |
| 56.53 | (4.22) | ||
| Cash Generated From Operations | 316.77 | 209.44 | |
| Less: Direct taxes paid (net of refunds) | (19.78) | (12.11) | |
| NET CASH FLOW FROM OPERATING ACTIVITIES (A) | 296.99 | 197.33 | |
| B. CASH FLOW FROM INVESTING ACTIVITIES : Payment for acquisition of assets | (110.50) | (161.18) | |
| Receipts of Government Grant | 7.25 | - | |
| Repayment of loans by others | - | 0.79 | |
| Proceeds from sale of PPE and investment property | 0.28 | 4.28 | |
| Proceeds from sale of other investments | 0.78 | - | |
| Investments in equity instruments | (3.80) | (2.11) | |
| Interest received | 2.37 | 6.12 | |
| Bank balances other than cash and cash equivalents | 1.07 | (1.98) | |
| NET CASH FLOW FROM/(USED IN) INVESTING ACTIVITIES (B) | (102.55) | (154.08) | |
| C. CASH FLOW FROM FINANCING ACTIVITIES: Interest paid | (47.85) | (52.98) | |
| Payment towards lease liabilities | (2.77) | (2.19) | |
| Acquisition of non-controlling interest in subsidiary | (0.00) | - | |
| Proceeds of term loans | 0.01 | 1.92 | |
| Repayments of term loans | (85.33) | (57.99) | |
| Movement in working capital loans | (38.44) | 100.85 | |
| Dividend paid | (12.93) | (36.25) | |
| NET CASH FLOW FROM/(USED IN) FINANCING ACTIVITIES: (C) | (187.31) | (46.64) | |
| NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) | 7.13 | (3.39) | |
| CASH AND CASH EQUIVALENTS - OPENING BALANCE | 12.53 | 15.92 | |
| CASH AND CASH EQUIVALENTS - CLOSING BALANCE | 19.66 | 12.53 |
E-Mail id: [email protected] A TVS MOBILITY GROUP COMPANY
PKF SRIDHAR & SANTHANAM LLP
Chartered Accountants
Independent Auditors' Report
To the Board of Directors of TVS Srichakra Limited
Report on the Audit of Consolidated Financial Results
Opinion
-
We have audited the accompanying Consolidated financial results of TVS Srichakra Limited (hereinafter referred to as the ‘Holding Company’) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”) for the quarter and year ended 31st March 2026 (“the Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).
-
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
(i) includes the annual financial results of the following entities:
a. TVS Srichakra Investments Limited
b. TVS Sensing Solutions Private Limited
c. Fiber Optic Sensing Solutions Private Limited
d. Super Grip Corporation, USA
(ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard;
gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (‘the Act’), read with the Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the consolidated net profit after tax and other comprehensive income and other financial information of the Group for the quarter and year ended 31st March 2026.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (“Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated financial results section of our report. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Tel +91 44 28112985 to 88 • Fax +91 44 28112989 • Email [email protected] • www.pkfindia.in
PKF SRIDHAR & SANTHANAM LLP • KRD Gee Gee Crystal • No.91-02 7th Floor • Dr.Radhakrishnan Salai • Mylapore • Chennai 600004
REGISTRATION NO. WITH ICAI - 003990S/5200018
Board of Directors' Responsibilities for the Consolidated financial results
- The Statement has been prepared on the basis of the audited Consolidated financial statements for the year ended 31st March 2026.
The Holding Company's Board of Directors are responsible for the preparation and presentation of these Consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group for the quarter and year ended 31st March 2026, in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued there under and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Consolidated financial results by the Directors of the Holding Company, as aforesaid.
- In preparing the Consolidated financial results, the respective Board of Directors of the companies included in the Group are also responsible for assessing the ability of the respective company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of the respective company.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
-
Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial results.
-
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Firm Regn. No: 003900515200019
Page 2 of 4
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of consolidated financial statements on whether the Holding Company and its subsidiaries incorporated in India have adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure, and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision, and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the auditors. Our responsibilities in this regard are further described in the section titled 'Other Matters' in this audit report.
-
We communicate with those charged with governance of the Holding Company and such other entities included in the Consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
-
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
-
We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
- In respect of Super Grip Corporation, USA, the financial results were prepared based on books of accounts maintained in India under the accounting principles generally accepted in India and were audited by us for the limited purpose of preparation of consolidated financial results for the Group. Our opinion on the consolidated financial results is not modified in respect of this matter.
Page 3 of 4
- Attention is drawn to the fact that the figures for the quarter ended 31st March 2026 and the corresponding quarter ended in the previous year are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures up to the end of the third quarter of the relevant financial year which were subject to limited review by us. Our opinion on the consolidated financial results is not modified in respect of this matter.
For PKF Sridhar & Santhanam LLP
Chartered Accountants
Firm's Registration No. 0039905/SZ00018
Ramanarayanan J
Partner
Membership No. 220369
Place: Chennai
Date: 27th May 2026
UDIN: 26220369TRS1LS4745
Page 4 of 4
TVS SCHERIDERIP
REF:TSL:SEC:2026/96
27th May 2026
BSE Limited
P.J Towers
Dalal Street, Fort
Mumbai 400 001
National Stock Exchange of India Ltd.,
5th Floor
Exchange Plaza, Bandra (E)
Mumbai - 400 051
Scrip Code : 509243
Scrip Code : TVSSRICHAK
Dear Madam / Sir,
Re: Declaration pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
In terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that the Statutory Auditors of the Company M/s. PKF Sridhar & Santhanam LLP, Chartered Accountants, Chennai, Firm's Registration No. 003990S/S200018, have expressed and issued Audit reports with an unmodified opinion for the Standalone and Consolidated Financial Results of the Company for the financial year ended 31st March 2026.
Kindly take the above on record.
Thanking you
Yours faithfully
for TVS SRICHAKRA LIMITED
B RAJAGOPALAN
CHIEF FINANCIAL OFFICER
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 | Website: www.tvseurogrip.com
Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai - 625 122. Tel: +91 452 2443300
E-Mail id: [email protected]