TVS Srichakra Limited has executed a significant Assignment and Assumption Agreement on 10th April 2026, taking over key motorsports agreements in the United States. The deal involves the company's wholly owned subsidiary Super Grip Corporation USA and Bristol Motor Speedway LLC, positioning TVS Srichakra to directly manage its US motorsports presence.

Agreement Structure and Parties

The Assignment and Assumption Agreement enables TVS Srichakra to assume all rights, duties, and obligations of Super Grip Corporation under two existing agreements with Bristol Motor Speedway LLC. These include the Suite License Agreement dated 16th February 2024 and the Sponsorship Agreement dated 5th April 2024.

Financial Commitment and Payment Structure

Under the agreement terms, TVS Srichakra will pay USD 10,33,250 in tranches to Bristol Motor Speedway LLC for the remaining years of the agreements. Notably, no monetary consideration is payable to Super Grip Corporation USA for this assignment, as it involves an internal restructuring within the group.

Strategic Purpose and Market Positioning

The company has stated that the primary purpose of entering into this agreement is enhancing the visibility and reach of the company's brands in global markets. By directly assuming these motorsports agreements, TVS Srichakra aims to strengthen its presence in the competitive US automotive and motorsports sector.

Key Agreement Terms

The significant terms of the Assignment and Assumption Agreement include:

• TVS Srichakra assumes all obligations under both original agreements from the execution date
• No changes will be made to the terms of the original agreements
• The agreement duration extends until 31st December 2028
• All existing rights and obligations transfer seamlessly to the parent company

Related Party Transaction Details

The assignment transaction between Super Grip Corporation USA and TVS Srichakra qualifies as a Related Party Transaction, conducted on an arm's length basis. Bristol Motor Speedway LLC remains a third-party entity with no relationship to the company's promoter or group companies.

This strategic move represents TVS Srichakra's commitment to expanding its international footprint in the motorsports industry while consolidating its US operations under direct management.

TVS Srichakra Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March 2026.

Regulatory Compliance Filing

The company filed the certificate dated 3rd April 2026 with both BSE Limited and National Stock Exchange of India Limited. The submission was made in accordance with Regulation 74(5) of the SEBI regulations, which mandates companies to provide quarterly confirmations regarding the handling of dematerialised securities.

Certificate Confirmation

Integrated Registry Management Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate. The registrar confirmed that all securities received from Depository Participants for dematerialisation during the quarter were properly processed and confirmed to the depositories.

The certificate validates that:

• Securities received for dematerialisation were accepted or rejected appropriately
• All securities in the certificates have been listed on stock exchanges
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the stipulated 15-day period

Administrative Details

Chinmoy Patnaik, Company Secretary and Compliance Officer with membership number A14724, signed the filing on behalf of TVS Srichakra Limited. The digital signature was applied on April 3, 2026 at 17:02:29 +05'30'.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in the handling of dematerialised securities and maintaining accurate shareholder records as required by SEBI regulations.