TVS Holdings Limited has completed the acquisition of additional equity shares in its subsidiary Home Credit India Finance Private Limited (HCIFPL), marking a significant investment to strengthen the financial services arm of the group. The transaction was completed on March 28, 2026, at 4:58 PM.

Acquisition Details

The company acquired 229,139,017 additional equity shares of Rs 10 each in HCIFPL at a price of Rs 22.99 per share. The total consideration for this acquisition amounts to Rs 526.79 crores, paid in cash.

About Home Credit India Finance Private Limited

HCIFPL is a non-deposit-taking non-banking financial company registered with the Reserve Bank of India and categorized as a middle layer NBFC. The company operates in the retail lending segment, providing loans for consumer durables and cash loans, along with non-credit value-added services.

Business Operations

The company operates through two primary channels:

• Point of sales (POS) model
• Online model

HCIFPL's registered office is located at TVR Pride, No. 383, 16th Main, 3rd Block, Koramangala, Bengaluru - 560 034, and it was incorporated on October 1, 1997.

Financial Performance

HCIFPL's recent financial performance shows consistent revenue growth over the past three years, though the company reported losses in the most recent fiscal year.

For FY 2024-25, HCIFPL reported a loss after tax of Rs 530.04 crores and maintained a net worth of Rs 1,583.04 crores.

Strategic Rationale

The additional investment is aimed at sustaining and accelerating HCIFPL's current growth rate while maintaining capital adequacy at optimal levels. This acquisition represents a related party transaction as HCIFPL is a subsidiary company, with STPL Trading and Services Private Limited, a promoter group entity, holding 8.10% stake in the target company.

Regulatory Compliance

The transaction was conducted at arm's length based on a valuation report obtained from a registered valuer. The acquisition exceeds the materiality threshold specified under Regulation 30(4) of SEBI LODR, necessitating this disclosure. No governmental or regulatory approvals were required for completing this acquisition.

TVS Holdings Limited has announced the implementation of a special window facility to assist investors with the transfer and dematerialization of physical securities, following regulatory guidelines issued by the Securities and Exchange Board of India (SEBI).

Special Window Implementation

Pursuant to SEBI circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/202 dated January 30, 2026, the company has opened a special window until February 04, 2027. This facility aims to provide investors with rightful access to their securities for transfer and dematerialization of physical securities that were sold or purchased prior to April 01, 2019.

The special window will also accommodate transfer requests that were previously submitted but rejected, returned, or not attended to due to deficiencies in documents, processes, or other reasons.

Eligibility Criteria

The company has provided a clear matrix to determine eligibility for this special window:

Excluded Cases

Certain cases will not be considered for processing under this special window:

• Cases involving disputes between the transferor and transferee, which may be settled via Court or NCLT process
• Securities that have already been transferred to the Investor Education and Protection Fund (IEPF)

Required Documentation

Eligible investors must submit their transfer requests along with comprehensive documentation:

• Original security certificate(s)
• Transfer deed executed prior to April 01, 2019
• Proof of purchase by transferee, as may be available
• KYC documents of the transferee (as per ISR forms available on company website)
• Latest Client Master List (CML), not older than 2 months, of the demat account of the transferee, duly attested by the Depository Participant
• Undertaking cum Indemnity as per the format mentioned in SEBI Circular

All documentation should be submitted to Integrated Registry Management Services Private Limited, the company's Registrar and Share Transfer Agent (RTA).

Important Conditions

The special window comes with specific mandatory conditions:

Contact Information

For further information or clarification, shareholders may contact the RTA by sending an email to einward@integratedindia.in or the company's Secretarial Department at corpsec@tvsholdings.com .

Additional Recommendations

The company has also advised shareholders holding shares in physical form to update their KYC details to facilitate electronic credit of unclaimed dividends to their bank accounts. Shareholders are requested to convert their physical share certificates into dematerialized form and claim their unclaimed dividend amounts promptly, as these will be transferred to the IEPF after seven years along with the corresponding shares.