TVS Holdings Limited has issued an important clarification to stock exchanges regarding the date of its National Company Law Tribunal (NCLT) convened meeting of equity shareholders. The company corrected an inadvertent error that appeared in its earlier communication to ensure accurate information dissemination.

Meeting Date Correction

In a letter dated April 10, 2026, TVS Holdings Limited addressed both BSE Limited and National Stock Exchange of India Ltd. to clarify a date discrepancy. The company explained that in its covering letter dated March 23, 2026, the meeting date was inadvertently mentioned as Friday, April 28, 2026, instead of the correct date of Friday, April 24, 2026.

Document Accuracy Confirmation

The company emphasized that despite the error in the covering letter, all other related documents correctly reflected the accurate meeting date of April 24, 2026. These documents included:

• The Notice of the meeting enclosed as annexure to the letter dated March 23, 2026
• The XBRL filings made with the Stock Exchanges
• The newspaper advertisements published by the Company

NCLT Background

The meeting of equity shareholders has been convened pursuant to directions from the Hon'ble National Company Law Tribunal, Chennai Bench, dated March 18, 2026. The company's clarification ensures that shareholders and stakeholders have the correct information regarding this important corporate proceeding.

Regulatory Compliance

TVS Holdings Limited has requested both stock exchanges to take the clarification on record and disseminate the corrected information on their respective websites. This step ensures proper regulatory compliance and transparent communication with all stakeholders. The clarification letter was signed by R Raja Prakash, Company Secretary, and digitally authenticated on April 10, 2026.

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.