TVS Holdings Limited has officially declared an interim dividend of ₹86 per share for the financial year ending March 31, 2026, following its board meeting held on March 25, 2026. The dividend declaration, made under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, represents a substantial 1720% dividend rate on the face value of ₹5 per share.

Dividend Declaration Details

The board of directors approved the interim dividend distribution on 2,02,32,104 equity shares of ₹5 each, fully paid up, absorbing a total sum of ₹174 crore. The company has set April 2, 2026, as the record date for determining eligible shareholders for the dividend payment.

Board Meeting and Regulatory Compliance

The board meeting commenced at 10:00 AM and concluded at 11:05 AM on March 25, 2026. This meeting was previously announced through an official regulatory filing dated March 18, 2026, ensuring full compliance with SEBI regulations. The dividend will be paid within 30 days from the declaration date, as mandated by the Companies Act, 2013. Company Secretary R Raja Prakash digitally signed the official communication at 11:13:24 AM on March 25, 2026.

Stock Exchange Communication

TVS Holdings has formally communicated the dividend declaration to both BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai and National Stock Exchange of India Ltd at Exchange Plaza, Bandra-Kurla Complex, Mumbai. The company maintains active listings on both exchanges, ensuring comprehensive market coverage for its shareholders. Eligible shareholders include those holding shares in both physical and electronic form whose names appear in the Register of Members and Depositories respectively as of the record date.

Company Background

TVS Holdings Limited, formerly known as Sundaram-Clayton Limited, operates from its registered office at "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai – 600006. The substantial interim dividend declaration demonstrates the company's strong financial position and commitment to shareholder value creation, reflecting robust cash flows and confidence in business operations for the ongoing financial year.

TVS Holdings Limited has announced an equity shareholders meeting scheduled for April 24, 2026, following directions from the National Company Law Tribunal (NCLT), Chennai Bench. The meeting forms part of a scheme of arrangement being pursued under Sections 230-232 of the Companies Act, 2013.

NCLT Order and Meeting Details

The Hon'ble Tribunal issued its order on March 18, 2026, directing the company to convene meetings of equity shareholders. In compliance with this directive and applicable provisions of the Companies Act, 2013, SEBI Listing Regulations, 2015, and relevant MCA circulars, the company has scheduled the meeting through video conferencing and other audio-visual means.

Newspaper Advertisement Publication

On March 24, 2026, the company published newspaper advertisements in Business Standard (All India Edition, English) and Dinamalar Tamil (Tamil Nadu Edition, vernacular language) to notify shareholders about the meeting. The company informed both BSE Limited and National Stock Exchange of India about these newspaper publications, which are also available on the company's website at www.tvsholdings.com .

Voting Rights and Eligibility

The company has established April 18, 2026 as the cut-off date for determining shareholder eligibility. Only equity shareholders whose names are recorded in the Register of Members or Register of Beneficial Owners maintained by depositories as on this cut-off date will be entitled to exercise voting rights and attend the meeting.

Voting rights will be proportional to each shareholder's holding in the paid-up equity share capital of the company as recorded on the cut-off date. The notice includes detailed procedures for casting votes through e-voting and attending the meeting via video conferencing platforms.

Regulatory Compliance and Documentation

TVS Holdings Limited, formerly known as Sundaram-Clayton Limited, has its registered office located at "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai – 600006. The formal notice and statement under Sections 230 and 232 of the Companies Act, along with other applicable provisions and Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, have been made available through designated weblinks for shareholder access.

The Tribunal has appointed Ms Deepika Kumari, Advocate, as the Chairperson for the meeting and Mr V Sriram Ananth, Advocate, shall act as the Scrutinizer. The company has appointed National Securities Depository Limited (NSDL) for facilitating e-voting to enable shareholders to cast their votes electronically.