TVS Motor Company has issued a postal ballot notice seeking shareholder approval for the appointment of Peyman Kargar as Director and Chief Executive Officer. The proposal, effective January 27, 2027, marks a significant leadership transition for the two-wheeler major.

The appointment is subject to approval by the Central Government, as Kargar is a non-resident at the time of filing. He will serve in the rank of Whole-Time Director for a period of five years. The Board of Directors recommended this appointment based on the Nomination and Remuneration Committee’s assessment of his qualifications and experience.

Leadership Profile and Strategic Fit

Peyman Kargar, aged 59, brings over three decades of global automotive experience across Europe, Asia, and the Middle East. Currently serving as President – International Business at TVS Motor, he has been with the company since April 2025. His tenure has seen the international business grow to contribute 29% of total sales volume, with a growth rate of 33%.

Prior to joining TVS Motor, Kargar held senior leadership roles including Global Chairman and President of INFINITI, where he led a business turnaround resulting in a 20% volume increase. He also served as Chairman and Senior Vice President for Nissan’s Africa, Middle East, and India region, overseeing operations in over 80 countries. His background includes managing a €4 billion turnover at Renault Group.

Remuneration Structure

The proposed remuneration package includes a fixed component and variable incentives, capped within statutory limits. The key components are detailed below:

The total remuneration payable shall not exceed 5% of the company’s net profits, as stipulated under the Companies Act, 2013. In the event of loss or inadequacy of profits, the remuneration will be determined by the Board within permissible limits.

Voting Process and Timeline

Shareholders can cast their votes electronically through the NSDL e-Voting platform. The voting period commenced on September 23, 2026, and will conclude on October 22, 2026. The cut-off date for determining voting rights was September 18, 2026.

Results will be announced on or before October 24, 2026. B Chandra and Associates, Practicing Company Secretaries, have been appointed as the Scrutinizer for the postal ballot process. Members may access the detailed statement of material facts and the draft resolutions on the company’s website.

TVS Motors has scheduled a physical plant visit followed by a management meeting with analysts and investors on September 9, 2026, at 10:30 am.

Meeting details

The engagement will take place at the company's factory premises in Hosur. The event is structured as a group meet, allowing participating fund houses and research analysts to interact directly with the management team. No unpublished price-sensitive information will be shared during the session.

The following details have been disclosed regarding the upcoming engagement:

Participating institutions

A diverse list of domestic and international fund houses and brokerages have registered for the meeting. Key participants include:

• Vishal Gajwani, Fund Manager, Aditya Birla Sunlife AMC
• Mayank Hyanki, Fund Manager, Axis AMC
• Rahul Ranade, Research Analyst, Goldman Sachs Asset Management
• Nalin Bhatt, Fund Manager, Kotak Mahindra Asset Management
• Pramod Kumar, Executive Director, Research, UBS Securities India Private Limited

Other attendees include representatives from Bajaj Finserv Mutual Fund, Balyasny Asset Management, Citadel International Equities, DSP Offshore, Millennium Partners, Tara Funds, Tokio Marine Asset Management International, and Marshall Wace Asset Management.

Such meetings typically serve as a forum for the company's management to provide operational updates and address queries from the investment community. The date of the meeting is subject to change due to exigencies on the part of the company or investors.