Loan & Debt28 Oct 2026, 08:11 pm
TVS Holdings Promoters Pledge Shares for ₹825 Cr Loan
AI Summary
TVS Holdings Ltd promoters, VS Trust and Srinivasan Trust, have created an encumbrance on their equity shares as collateral for credit facilities totaling ₹825 crore. The pledge was executed on October 26, 2026, with JM Financial Products Limited and JM Financial Credit Solutions Limited as lenders. VS Trust availed a term loan of ₹265 crore, while Srinivasan Trust secured two facilities aggregating ₹560 crore. This disclosure is made under SEBI (SAST) Regulations, 2011, as the pledge constitutes an 'encumbrance'. As of October 27, 2026, VS Trust pledged 13,40,600 shares, with Srinivasan Trust set to pledge shares as per the agreement.
Key Highlights
- Promoters VS Trust and Srinivasan Trust pledged TVS Holdings shares.
- Encumbrance is for ₹825 crore credit facilities from JM Financial.
- Pledge serves as collateral for loans availed by the trusts.
- Disclosure made as per SEBI (SAST) Regulations, 2011.
- Specific share numbers pledged by VS Trust are disclosed.
Price Impact
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