TVS Srichakra completed the acquisition of a 51% equity stake in Weber Drivetrain Private Limited on August 31, 2026. The transaction valued at ₹10,00,000 makes Weber a step-down subsidiary of the company.

The deal was executed by TVS Sensing Solutions Private Limited, a wholly-owned step-down subsidiary of TVS Srichakra. It acquired 5,100 equity shares from G-Power Energy & Technology Private Limited.

Transaction Details

The final consideration paid was ₹10,00,000. This figure modifies an earlier disclosure dated July 19, 2026, which had cited a payable amount of ₹1,43,00,000. The company attributed the delay in disclosure to verification of transaction particulars.

What the Numbers Show

The final transaction value of ₹10,00,000 represents a significant reduction from the initially disclosed figure of ₹1,43,00,000. This divergence highlights a material adjustment in the deal structure or valuation during the execution phase between the initial announcement and completion.

TVS Srichakra Limited has dispatched the notice for its 43rd Annual General Meeting (AGM), scheduled for September 24, 2026. The company confirmed that the notices, along with the Annual Report for FY26, were electronically sent to members as of August 28, 2026.

The Board had previously approved a final dividend of ₹37.80 per equity share for FY26 in its June 24, 2026 meeting. This represents a 378% payout on the ₹10 face value, subject to shareholder approval at the upcoming AGM.

Dividend and Payout Details

The dividend payment will be processed exclusively in electronic mode via banking channels, following SEBI regulations that have discontinued dividend warrants and cheques. The payout is expected to be credited to eligible shareholders' bank accounts on or before October 23, 2026.

Tax at source (TDS) will be deducted at applicable rates for resident members, unless specific exemptions apply. Non-resident members may avail beneficial rates under relevant tax treaties by submitting required documentation by September 11, 2026.

AGM Schedule and E-voting

The remote e-voting period commences on Monday, September 21, 2026, at 9:00 am and concludes on Wednesday, September 23, 2026, at 5:00 pm. The cut-off date for determining voting rights is September 17, 2026. Mr. N. Balachandran, Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the electronic voting process.

Members can participate in the AGM and cast votes via the NSDL e-voting system. Institutional members must submit board resolutions authorizing representatives to vote. The company also published advertisements regarding the AGM in Business Line and Dinamalar on September 2, 2026.

Other Business Items

Apart from the dividend declaration, the AGM agenda includes:

• Adoption of the Audited Standalone and Consolidated Financial Statements for FY26.
• Reappointment of Mr. S Ravichandran as a Director, who retires by rotation.
• Ratification of remuneration for Dr. I Ashok, appointed as Cost Auditor for FY27, amounting to ₹1,50,000 plus taxes and expenses.

The Notice of the AGM and the Annual Report for FY26 are available on the company website and stock exchange portals. This intimation is issued pursuant to Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.