TVS Motor Company Limited has fixed Friday, August 21, 2026, as the record date for determining eligible holders of its 6% cumulative non-convertible redeemable preference shares (NCRPS). This action determines which shareholders are entitled to receive the full and final redemption amount of ₹10 per NCRPS, along with the corresponding coupon payment at the rate of 6% per annum. The redemption is a critical event for investors holding these instruments, as the shares will stand redeemed and extinguished effective September 1, 2026, following the payment process.

The company notified the BSE Limited and the National Stock Exchange of India Limited regarding this timeline under Regulation 60 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation follows previous disclosures dated August 4, 2025, August 12, 2025, September 1, 2025, February 13, 2026, and March 6, 2026. The NCRPS, carrying ISIN INE494B04019, were listed and trading on both stock exchanges effective March 10, 2026. A total of 19,00,34,8456 numbers of these preference shares, each with a face value of ₹10, are subject to this redemption.

Key Dates and Details

The specific timelines for the redemption process are structured to ensure timely settlement for eligible holders. The record date serves as the cutoff for ownership verification, while the redemption date marks the actual extinguishment of the instrument and the expected payment timeline.

Post-Redemption Process

Following the redemption on September 1, 2026, the ISIN INE494B04019 pertaining to these NCRPS will be deactivated in accordance with the standard processes followed by the Stock Exchanges. This deactivation signifies the complete closure of this specific debt-like equity instrument from the company’s capital structure. Investors holding the shares on the record date will receive the principal amount plus the accrued interest, after which their holdings in this specific security will be nullified.

The announcement was signed by K S Srinivasan, Company Secretary of TVS Motor Company Limited, on August 11, 2026. The notice was also communicated to National Securities Depository Ltd and Central Depository Services (India) Ltd to facilitate the necessary backend processing for the redemption and subsequent deactivation of the scrip.

TVS Motor has allocated Non-Convertible Debentures (NCDs) amounting to ₹1,000 crore, with each debenture carrying a face value of ₹1 lakh. This issuance represents a notable capital market transaction for the company.

NCD Issuance Details

The key parameters of the NCD allocation are outlined below:

Non-Convertible Debentures are debt instruments used by companies to raise long-term capital from the market. Unlike convertible debentures, NCDs cannot be converted into equity shares and are redeemed at maturity, offering investors a fixed income avenue.