SUNDARAM-CLAYTON LTD.

TVS Holdings Ltd has disclosed that its promoters, VS Trust and Srinivasan Trust, have encumbered equity shares as collateral for credit facilities totaling ₹825 Crore. The pledge was created on October 26, 2026, in favor of JM Financial Products Limited and JM Financial Credit Solutions Limited. VS Trust availed a term loan of ₹365 Crore, while Srinivasan Trust secured two term loans aggregating ₹560 Crore (₹165 Crore and ₹395 Crore). This disclosure is made under SEBI (SAST) Regulations, 2011. As of October 27, 2026, VS Trust had pledged 13,40,600 shares, with Srinivasan Trust set to complete its pledge as per agreements.

TVS Holdings Ltd has filed a revised disclosure regarding the creation of an encumbrance on its equity shares by its promoters, VS Trust and Srinivasan Trust. The encumbrance, in the form of a pledge, has been created as security for credit facilities aggregating ₹825 crore availed by the trusts. These facilities include a term loan of ₹265 crore for VS Trust and two term loans totaling ₹560 crore for Srinivasan Trust. The pledge was executed on October 26, 2026, in favor of JM Financial Products Limited and JM Financial Credit Solutions Limited. As of the disclosure date, VS Trust had already pledged 13,40,600 shares on October 27, 2026, with Srinivasan Trust set to create its pledge as per the agreement. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

TVS Holdings Limited has acquired an additional 12,55,26,842 equity shares of Rs. 10/- each in its subsidiary, Home Credit India Finance Private Limited (HCIFPL), for a cash consideration of Rs. 38.55 per share, aggregating to Rs. 483.91 Crores. This investment was made on a rights issue basis. The acquisition falls within related party transactions as HCIFPL is a subsidiary, and a member of the Promoter Group also holds a stake. The transaction was conducted on an arm's length basis. The additional investment aims to sustain and accelerate HCIFPL's growth in the non-banking financial services sector. HCIFPL, a middle-layer NBFC, reported a turnover of Rs. 2,112.74 Crores and profit after tax of Rs. 132.24 Crores for FY 2025-26. TVS Holdings' aggregate holding in HCIFPL remains at 74.45% post-acquisition.

TVS Holdings Ltd announced that its subsidiary, TVS Motor Company Limited, has approved a composite scheme of arrangement. This scheme involves the amalgamation of TVS Motor Services Limited (Transferor Company) with TVS Motor Company Limited (Transferee Company) and the demerger of a specified undertaking from TVS Motor Company Limited into Harita ARC Limited (Resulting Company). Harita ARC Limited will issue shares to TVS Motor Company Limited's shareholders proportionally. The approval also includes the acquisition of the entire stake in Harita ARC Limited by TVS Motor Company Limited. The scheme is subject to various statutory, regulatory, and customary approvals, including those from stock exchanges, SEBI, and the National Company Law Tribunal.

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 loans were secured from JM Financial Products Limited and JM Financial Credit Solutions Limited. VS Trust availed a term loan of ₹265 crore, while Srinivasan Trust secured two facilities aggregating ₹560 crore. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

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.

TVS Holdings Ltd announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. The Board of Directors approved these results during a meeting held on October 28, 2026. The company also submitted a limited review report, financial ratios, and other required statements as per SEBI Listing Regulations. The review was conducted by N.C. Rajagopal & Co., Chartered Accountants.

TVS Holdings' consolidated (primary) revenue from operations rose 38.7% YoY to ₹20,182.53 Cr and total-period PAT climbed 46.1% YoY to ₹1,285.68 Cr, with PBT at ₹1,992.19 Cr — growth driven almost entirely by the Automotive segment (TVS Motor and subsidiaries), whose segment revenue grew 42.6% YoY to ₹17,529.73 Cr against 21.9% YoY growth at the Financial (NBFC/TVS Credit) segment. Sequentially the print decelerated sharply (revenue +18.2% QoQ, PAT +9.6% QoQ) against a strong Q1 FY27 base; per the YoY-first read this is not weakness, just a normalisation of an unusually strong prior quarter. Consolidated NPM improved to 6.35% from 6.04% a year ago but slipped from 6.87% in Q1 FY27; the underlying operating margin (segment EBIT before finance cost and D&A add-back, ~15.5% of total income) is similarly roughly flat YoY (15.6%→15.5%) and down from Q1's ~16.3%, so the margin story is one of broad stability rather than expansion or compression on a YoY basis. Profit attributable to owners of ₹634.79 Cr grew 43.3% YoY but only 4.0% QoQ, materially lagging total consolidated PAT growth (+9.6% QoQ) because non-controlling interest's share of group profit rose to 51% (₹650.89 Cr) this quarter from 48% in Q1 FY27 and 49.7% a year ago — a mix shift worth tracking since it determines how much of group earnings flows to TVS Holdings' own shareholders. At the standalone (holding-company-only) level, PAT of ₹930.70 Cr and basic EPS of ₹460.01 are dominated by the one-off ₹1,012.44 Cr exceptional gain on NCRPS redemption from a subsidiary; excluding it, standalone pre-exceptional profit was only ₹16.94 Cr, down from ₹22.25 Cr a year ago. This divergence is a direct read-through of this quarter's corporate action: the company allotted 93.07 Cr 6% Bonus NCRPS worth ₹930.68 Cr pursuant to the NCLT (Chennai Bench)-sanctioned Scheme of Arrangement dated 18 August 2026 — a non-cash capital restructuring explicitly flagged in the filing as outside the scope of Regulation 52(7) funds-utilisation disclosure, not a cash fundraise. We found no analyst consensus estimates or formal brokerage previews specifically for TVS Holdings this quarter — coverage concentrates on the listed operating subsidiary, TVS Motor Company, rather than the holding entity, so vsStreet is unknown. Similarly, neither our records nor a web search turned up any formal prior guidance from TVS Holdings management for this quarter, so the print cannot be graded against a guided number; management's own press commentary was not available in our extraction for this filing. On the balance sheet, consolidated net debt-to-equity rose to 5.81x from 4.80x in Q1 FY27, driven by the Financial segment's loan book growing to ₹40,688.30 Cr from ₹36,138.04 Cr at FY26-end, funded by ₹8,502.34 Cr of net borrowings raised in H1. Other corporate developments this quarter — the insider-trading window closure (30 Sep) and two independent-director changes (Sasikala Varadachari's tenure completion, Revathy Iyer's appointment) — are governance housekeeping with no direct bearing on the numbers. Going into Q3, the quarter sets up two things to watch: whether the sequential margin dip (NPM 6.87%→6.35%, OPM ~16.3%→~15.5%) reverses as festive-season auto volumes flow through, and whether owners'-share profit growth can close the gap with total group PAT growth given NCI's rising share of consolidated earnings.

TVS Holdings Ltd has announced the completion of tenure for Ms. Sasikala Varadachari as a Non-Executive Independent Director. Her term concluded at the close of business hours on October 23, 2026. Consequently, she has also ceased to be the Chairperson of the Audit Committee and Nomination and Remuneration Committee, and a member of the Stakeholder's Relationship Committee, Risk Management Committee, Administrative Committee, and Asset Liability Management Committee. The company has provided details of this change as per SEBI (LODR) Regulations, 2015.

TVS Holdings Ltd has announced that its Board of Directors will convene on October 28, 2026. The primary agenda item for this meeting is to consider and approve the unaudited (limited reviewed) financial results for the second quarter ended September 30, 2026. The results will be presented on both a standalone and consolidated basis. This announcement is in compliance with SEBI Listing Regulations, and the company has also confirmed that the trading window for designated persons will remain closed until October 30, 2026.