TVS Holdings Allots 93 Cr Bonus Preference Shares

TVS Holdings Limited has approved the allotment of 93,06,76,784 Bonus 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) to its equity shareholders. This allotment is a result of a Scheme of Arrangement approved by the National Company Law Tribunal. Each equity shareholder will receive 46 NCRPS for every 1 equity share held, based on the record date of September 8, 2026. The NCRPS have a face value of INR 10 each, a coupon rate of 6% per annum, and are redeemable within 15 months from the allotment date of September 9, 2026, with an early redemption option after 12 months. The company will facilitate the credit of these shares to demat accounts and seek listing and trading on stock exchanges.