TVS Holdings Limited held its 64th Annual General Meeting (AGM) on July 22, 2026, adopting the audited financial statements for the year ended March 31, 2026, and approving the re-appointment of its Chairman. The meeting, conducted via video conferencing, was chaired by Mr Venu Srinivasan, who confirmed the presence of a requisite quorum before proceeding with the agenda. All resolutions were passed with the requisite majority, as detailed in the scrutinizer's report submitted by B Chandra of B Chandra & Associates, Practising Company Secretaries.

The Chairman informed members that necessary documents and registers pursuant to the Companies Act, 2013 were available for inspection on the company's website. All directors were present except Mr C R Dua, Independent Director, who was unable to attend due to personal commitments. The Chairman noted that the Statutory Auditors Report and Secretarial Auditors Report were free from any qualifications, observations, or other remarks.

Voting Results

Shareholders approved three resolutions through remote e-voting and electronic voting during the meeting. The remote e-voting period commenced on July 19, 2026, and concluded on July 21, 2026. A total of 31,098 shareholders were on the record date of July 16, 2026. The facility to vote through electronic means remained open for 15 minutes following the conclusion of the meeting.

Business Transacted

The business transacted at the meeting included the adoption of the Audited Financial Statements (Standalone & Consolidated) and the reports of the Board of Directors and the Auditors. Shareholders also approved the re-appointment of Mr Venu Srinivasan as a Director, liable to retire by rotation, and sanctioned his continuation as a Non-Executive Director under Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 2.00 P.M. IST and concluded at 2:33 P.M. IST.

TVS Holdings reported a consolidated net profit of ₹1,173.58 crore for the quarter ended June 30, 2026, marking a 74% increase from ₹675.36 crore in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹17,076.18 crore, compared to ₹12,742.19 crore in the same period last year. The company's board approved the unaudited standalone and consolidated financial results at its meeting held on July 21, 2026.

Consolidated Financial Performance

The consolidated results reflect strong growth across key metrics. The following table summarises the financial highlights:

Standalone Performance

On a standalone basis, the company recorded a net profit of ₹9.45 crore for Q1FY27, a decrease from ₹12.90 crore in the same quarter of the previous year. Revenue from operations for the standalone entity increased to ₹93.04 crore from ₹55.07 crore. The total comprehensive income for the period was ₹6.89 crore, down from ₹10.63 crore in the prior year.

Segment Performance and Investments

The Automotive Vehicles & Parts segment reported a profit before interest and tax of ₹1,247.48 crore, while the Financial Services segment reported a profit of ₹563.45 crore. Total segment assets stood at ₹68,348.08 crore as of June 30, 2026, and the company's consolidated net worth was reported at ₹5,666.66 crore. The group's share of profit from associates recorded a loss of ₹14.06 crore for the quarter.

During the quarter, the company made an investment of ₹176.38 crore in Home Credit India Finance Private Limited. The consolidated results include the financial performance of subsidiaries and associates.

Auditor's Review

The financial results were subjected to a limited review by the statutory auditors, N.C. Rajagopal & Co. The review was conducted in accordance with the Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India. The auditors confirmed that nothing came to their attention that would suggest the financial statements contained material misstatements.