TVS Srichakra Limited held its 43rd Annual General Meeting (AGM) on September 24, 2026, through Video Conferencing and Other Audio-Visual Means. The meeting commenced at 10:30 am and concluded at 11:11 am, adhering to the Companies Act, 2013 guidelines for virtual gatherings.

Proceedings and Statutory Compliance

The AGM was presided over by R Naresh, Executive Vice Chairman, in accordance with the company's Articles of Association. All directors, statutory auditors, and secretarial auditors were present at the meeting. The Company Secretary confirmed that the quorum was present and all statutory requirements for convening the AGM were duly complied with.

The Notice convening the 43rd AGM, along with the Annual Report for FY26, had been dispatched to members within statutory timelines. Both the Statutory Auditors' Report and the Secretarial Audit Report did not contain any qualifications, reservations, or adverse remarks. Consequently, these reports were taken as read during the proceedings.

Shareholder Engagement and Voting

Following the Chairman's address on company performance and outlook, a Question and Answer session was conducted. Queries received in advance via email were addressed separately by the management team. Registered speakers were called upon to raise their questions, which were responded to by the management.

The e-voting window remained active during the AGM and for 15 minutes post-conclusion to allow members who had not voted remotely to cast their votes. Combined voting results are scheduled to be submitted to stock exchanges within 48 hours of the meeting's conclusion.

Meeting Summary

The meeting concluded with a vote of thanks proposed by the Chief Financial Officer. This procedural update confirms the company's adherence to regulatory timelines for annual governance events.

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.