Board Meeting28 Oct 2026, 03:06 pm
TVS Motor Approves Q2 FY27 Unaudited Results, Scheme of Arrangement
AI Summary
TVS Motor Company Ltd's Board of Directors met on October 28, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. The board also approved a composite scheme of arrangement involving the amalgamation of TVS Motor Services Limited with the company and the demerger of an undertaking into Harita ARC Limited. Additionally, TVS Motor approved the acquisition of STPL Trading and Services Private Limited for ₹530.08 Cr, making STPL a wholly-owned subsidiary.
Key Highlights
- Unaudited standalone and consolidated financial results for Q2 FY27 approved.
- Composite scheme of arrangement involving amalgamation and demerger approved.
- Acquisition of STPL Trading and Services Private Limited for ₹530.08 Cr approved.
- STPL will become a wholly-owned subsidiary post-acquisition.
- Scheme of arrangement subject to regulatory and shareholder approvals.
Price Impact
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