TVS Srichakra Limited has confirmed that no new encumbrance has been created on its shares during the financial year ended March 31, 2026. The declaration, submitted on April 1, 2026, assures stakeholders that no charges have been made directly or indirectly other than those already disclosed to the stock exchanges.

The disclosure was filed by Shobhana Ramachandhran, Promoter, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates an annual declaration regarding the status of share encumbrances to ensure transparency for investors.

Submission Details

The declaration was addressed to the National Stock Exchange of India Ltd in Mumbai and BSE Limited in Mumbai. Shobhana Ramachandhran affirmed that the information provided is true and correct.

TVS Srichakra Limited reported a consolidated net profit of ₹71.06 crore for the financial year ended March 31, 2026, a significant increase from ₹20.52 crore in the previous year. Revenue from operations for the year grew to ₹3,643.35 crore, compared to ₹3,253.83 crore in FY25. The Board of Directors recommended a final dividend of ₹37.80 per equity share of ₹10 each, amounting to 378% of the face value, subject to shareholder approval at the Annual General Meeting.

FY26 Financial Performance

The company's standalone net profit for the year stood at ₹82.71 crore, rising from ₹36.96 crore in the prior year. Standalone revenue from operations increased to ₹3,389.66 crore from ₹3,022.90 crore. The statutory auditors, PKF Sridhar & Santhanam LLP, expressed an unmodified opinion on the standalone and consolidated financial results.

Quarterly Highlights and Exceptional Items

For the quarter ended March 31, 2026, consolidated revenue reached ₹980.94 crore, while net profit stood at ₹36.09 crore. The financial results included exceptional items, such as an incremental obligation of ₹11.09 crore recognized as past-service cost due to the first-time application of new Labour Codes. Additionally, the company recognized grant income of ₹18.81 crore from the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) and incurred ₹5.36 crore towards a Voluntary Retirement Scheme during the year.

Dividend Declaration

The Board of Directors recommended a final dividend of ₹37.80 per equity share of ₹10 each for the financial year 2025-26. The dividend will be paid within 30 days from the date of shareholders' approval at the Annual General Meeting. The company's business activity falls within a single reportable segment, Automotive Tyres, Tubes and Flaps.